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Under DPOS stakeholders elect individuals to produce blocks, configure blockchain parameters, and fund infrastructure. Under DPOS 2.0 the roles of delegates and users have been divided into several different roles.
- Customers use the services provided by the blockchain and pay full transaction fees. These users have no role in the governance of the network.
- Members are paid-for premium accounts which can use their stake to vote for elected positions. Members get an 80% discount on transaction fees and are qualified to receive referral income from new users they sign up.
- Witnesses are an elected position that produce blocks and validate transactions. They are paid a small percentage of transaction fees necessary to cover the cost of running the network.
- Committee Members are elected positions that have the power to propose changes to the blockchain parameters. This position is not paid.
- Infrastructure Members are paid by the blockchain to perform needed development. All infrastructure spending must be directly approved by the voting Members and has a hard-coded spending limit.
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- BitAsset
- Registrar
- Referrer
- User Issued Asset
- Delegate
- Witness
- Worker
- DPOS
- Member
- User
- Threshold Multisig
- Stakeholder
- Shareholder
- Short
- Collateral
- Bond
- Smart Contract
- Limit Order
- Margin Call
- Transaction
- Operation
- Ledger
- Block
- Cryptocurrency
- Collateralized Loan
- Price Feed
- Force Settlement Price
- Corporate Account
- Account
- Key
- Signature
- Authority
- Withdraw Permission
- Escrow