Cyber Republic Weekly Update 15

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CYBER REPUBLIC Weekly Update/Issue 15 So how exactly does one go about creating a smart contract in order to compensate members of a Supernode pool or CR voters? Well, the answer isn't simple yet.There are a few details to iron out in the process of enabling a fully-functional smart contract that distributes ELA funds to multiple parties. Software Development Relations Manager, Kiran Pachhai (KP) explains the creation of a smart contract in this specific Supernode context:“You can’t write a smart contract for ELA payments. Since that is done via main chain and main chain doesn’t run smart contracts. One option is maybe through smart contracts on Eth or Neo sidechain that keeps track of all the votes, rewards, etc. and based on certain triggers like a monthly date, it triggers another action which will auto distribute the ELA into a wallet.The handling of ELA payments itself could be done via scripting, same as how you would do BTC payments via scripting.The voting type transactions are different on main chain so you could write something based on that.A Supernode is just a machine that runs arbitrator code. You can’t write a smart contract for a supernode. You can only write logic onto a smart contract and put it on the Blockchain.After a certain event or trigger, it can execute the script that then autodistributes ELA to people. Then again, you could possibly do the entire thing as scripting alone.” As you can tell, though it would take an experienced developer in order to automate the process through smart contract and scripting, it looks to be the safest and most efficient path in order to assign payments to Pool members or voters. But what about the prevention of bad actors in the ecosystem? Elastos Foundation has the proper rules and infrastructure in place in order to weed out the bad apples.As stated earlier in the article, the Participant Nodes need to lock up 5000 ELA.This stashed ELA acts as collateral in case any sketchy activity occurs or rules are broken.This is explained in the Elastos DPoS Supernode article when Supernodes don't act accordingly:“...if the node is found to have violated the rules, the appropriate amount will be deducted from the ELA on deposit according to the situation and the remaining ELA will be returned to the wallet address linked to the public key that was provided at the time of registration.” There isn't a set amount determined in terms of how much ELA would be deducted to such bad actors, but they will certainly be penalized. It's good to know that there are certain rules and regulations to be followed for all Participant nodes without exception. There are plenty of other DPoS Consensus blockchain projects out there, some like ARK which work well and are user-friendly with payouts to voters being as simple as voting for someone with the best reputation and rewards, and receiving those rewards in your wallet on a weekly basis. And others like Lisk which have a cartel running it which does not pay out any rewards to voters unless you vote for the entire cartel, and the rewards for doing so are generally inconsequential. As you can tell, there are a lot of nitty-gritty details that come with the DPoS Supernodes. Most importantly, however, these Supernodes will be able to secure and confirm transactions to keep the reliability of the network fully intact. It's up to the community to continue to vote for the Supernodes that represent the best interests of Elastos and the Cyber Republic Ecosystem. Cyber Republicans, there's a lot at stake with these Supernode Elections and Voting, no pun intended. //10
Summary Here is the latest Elastos Weekly Update: https://news.elastos.org/elastos-weekly-updates-01-march-2019/ We have a new Cyber Republic Documentation site with relevant introductory information about the Cyber Republic, including the constitution, voting and proposals, and leadership. Check it out here: https://www.cyberrepublic.org/docs/#/overview/intro Project Updates Cyber Republic Website Main Project Repo: https://github.com/cyber-republic/CyberRepublic Git Activity and Updates Please refer to the timeline described on this article for more info: https://blog.cyberrepublic.org/2018/12/27/important-cyber-republic-announcement If you are a developer interested in working with the CR or Elastos, here’s a form you can fill out: https://goo.gl/forms/pvzDYMsVEs10s6U72 //11
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Page 3 and 4: There's a post on the Cyber Republi
Page 5 and 6: Table of Contents 2 Intro 6 New CR
Page 7 and 8: CR Website Analytics: Feb 23 - Mar
Page 9: Supernodes, so it is important to v
Page 13 and 14: CR Terminology By Kenneth K. As the
Page 15 and 16: Though rewards to voters are increa
Page 17 and 18: software and blockchain development
Page 19 and 20: communications. We hope that we can
Page 21 and 22: CR Forum Analytics: Feb 22 - Mar 1
Page 23 and 24: Supernode Pool Recruitment and Q&A
Page 25 and 26: Glossary A growing list of Terms an
Page 27: Credits: Writers: Kenneth K Jeremy

Cyber Republic Weekly Update 15

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