Cyber Republic Weekly Update 15

CYBER REPUBLIC Weekly Update/Issue 15
Supernode Elections:
There’s a Lot at “Stake”
By Jeremy G.
We are embarking into a new era of Elastos
and the Cyber Republic. Delegated Proof
of Stake (DPoS) Supernode Voting and
Elections are coming soon to a Wallet near
you.There's been a lot of chatter in the
Telegram chat rooms, subreddit and CR
Forum about Pooling for Supernodes and
what the process is.As wallets are being
tested for elections this week, the voting
looks to start sometime this month.
The first round of elections will conclude
in April, in which the Community Nodes
will begin participating in DPoS
Consensus.This article is meant to give
the community a clear, in-depth look on
important aspects of how DPoS works and
also to suggest some ideas in which node
groups can use in order to properly divvy
out profits to each other and voters.Also,
in order to protect the sanctity of the
DPoS Consensus process, any malicious
activity will result in penalties and
potential dismissal of Supernode status.
First let's break down the DPoS structure
Elastos has devised.There will be 108 total
nodes. 96 of the nodes will be
democratically elected by the community,
and 12 of the nodes will be voted in by the
CR Consensus. Each of the 96 non-CR
Supernodes will need to meet the
requirement of having 5000 ELA locked-up,
along with various hardware requirements
needed to run a node.
Another terms for these non-CR
Supernodes are “Participant Nodes”. 36 of
these nodes will be “active”, with the 12 CR
Nodes always running. The other 72 nodes
will be “stand-by nodes”.The stand-by nodes
with the most votes will take the place of
any inactive Supernodes.
As CR Community Manager Nicola
Zimmmerman (AKA Ghandi) eloquently
explains:“There are 96 nodes which are
voted in by the community and are getting
rewards.The 36 Supernodes are called
active nodes, the 72 stand by nodes become
active nodes when one of the active nodes
goes offline or when they get more votes in
a voting round (every 72 minutes) than the
active node with the least votes.”
In other words, 24 of the 36 Supernodes are
in flux and voted on every 72 minutes.The
nodes with the most votes in the Top 24 will
be Active. Ultimately it's those top 24
Supernodes that will get the most rewards
because they are the most active and will be
processing the majority of the transactions
on the network.
Speaking of rewards, 25% are distributed to
the 36 Supernodes; every active node gets
the same amount. 75% of the rewards are
distributed to the 96 nodes with the most
votes--rewards are distributed
proportionally to the number of votes.The
12 CR nodes don‘t get any part of the 75% of
course since they don’t have to be voted in.
The community will be making decisions on
which Nodes are active and which will be on
stand-by through voting. Ultimately, it's up
to the Cyber Republicans to choose the
best and most reliable Supernodes.The
network depends on the reliability of these
//8