Cyber Republic Weekly Update 23

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CYBER REPUBLIC <strong>Weekly</strong> <strong>Update</strong>/Issue 22 As you said in your question, the fact that I haven’t participate in the actual Supernode elections so far does not mean that I give up the rights I have to participate. DPoS is a well-known consensus mechanism,and I should not be seen as a rule maker.Consensus is open and transparent to the community and embedded in the program codes. If one day I really want to participate in the Supernode election, I will certainly follow the consensus rules that are open and transparent to everyone. In the world of blockchain, no one has the privilege. 4. Members of the community have expressed that the 1-ELA-for-36-votes mechanism, compared with the 1-ELA-for-1-vote mechanism makes the rich (with way more ELA at hand) are more equipped to dominate the election with the same number of ELA. The first mechanism allows the rich to gain higher node positions, and indirectly leads to the emergence of alliances to maximize benefits. The 1-ELA-to-1-vote mechanism is very common and does not magnify the power of the rich or the alliances. Can you explain what benefits the 1-ELA-for-36-votes mechanism can bring and how to deal with the drawbacks including the ones mentioned above? How do you see this mechanism shaping and influencing decentralized community operations? Every coin has two sides. It is difficult to have a perfect solution. 1-ELA-for-36-votes mechanism is beneficial to the establishment of stand-by nodes. This is the first thing we must consider to ensure the smooth operations of the DPoS consensus. This is for the common interest of the whole community. Other matters can be considered after this foundation. In addition, fairness is relative. We can't be fair in all aspects, which is why we have the CRC in place. This is the next most important milestone after DPoS. Community affairs are decided by community consensus; if you think there are some problems in the design of the DPoS mechanism,you can propose a more effective solution and let all token holders decide together after the CRC is officially launched. 5. You mentioned that it is a good thing to have some rich people undertake the election. Can you explain that in more details? Is this related to the design of the voting mechanism? Nodes are not required to lock their rewards, and there is no restriction to prevent the rich dumping their tokens. For them, they are getting node rewards without additional cost. What do you think of the impact this has on the consensus mechanism? I can't remember if I have said this before. If I have said it, there probably is some important context to it.At present, it is unlikely that these undertakings of the rich will happen because no one knows how much ELA is required for this purpose. The stances of rich people is not necessarily the same. On the contrary, the possibility of healthy competition is greater. For DPoS consensus, the more decentralized the distribution of tokens, the more fairness there will be. However, it takes time to achieve this. In the short term, to an ELA holder, both rich or an ordinary investor, it is wiser to hold the tokens for the election rather than speculation (both are //18
use-cases of ELA). If someone wants to achieve the effect of manipulating the elections, they need to buy a lot of tokens which is a huge risk. This is probably the context of why I say it is a "good thing". It is kind of teasing the possibility. In addition, I disagree with the statement of “getting node reward without additional cost”. Supernode elections are not only an activity that community members participate in for consensus; it as also an investment.The ELA paid is the cost. Finally, I want to say that no matter what the consensus is, the more participants there are, the more fairness there is.Therefore, expanding the community and developing the dapp ecology is of the highest priority. We designed the CRC to make the community more attractive; we have built the technology infrastructure step-by-step in accordance with the white paper to facilitate the creation of dapps. However, the development of Elastos must not rely solely on the Elastos Foundation. Let us all work together. //19
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Page 3 and 4: to-peer-carrier-network-part-1/ The
Page 5 and 6: Summary Read last week’s update o
Page 7 and 8: collect, store and process integer
Page 9 and 10: Events and further features Upon pr
Page 11 and 12: Getting Ahead of the FUD By Jeremy
Page 13 and 14: This is why the CR is so necessary.
Page 15 and 16: CR Terminology By Kenneth K. As the
Page 17: Interview: Su Yipeng By Joel 1. Rec
Page 21 and 22: In the future, the sidechain produc
Page 23 and 24: ADB Business Opportunities Fair Whe
Page 25 and 26: Community Shout Out! Lu Ku made thi
Page 27 and 28: CR News Website and Forum Analytics
Page 29 and 30: out to us through our forum at: htt
Page 31 and 32: Topic highlights Check out these ho
Page 33 and 34: Glossary A growing list of Terms an
Page 35: Credits: Writers: Kenneth K Jeremy

Cyber Republic Weekly Update 23

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