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These are topics worth exploring but is beyond the scope of this discussion, so I’ll only briefly mention here.While a delegate serves similar functions to a masternode, the key difference here is that becoming a delegate takes a very different approach.Many want to run masternodes to yield better returns from the network, but masternodes actually do not exist in our ecosystem.Instead, ICON uses a Delegated Proof of Stake system.Tokens aren’t exactly staked because you can never lose any during your service, unless of course you decide to attack your own network but then it is going against your own interest and will require insane amount of money (80% MNs), so in a sense this is proof of commitment.A delegate is simply a node (user) tasked to verify transactions on the network.Actual calculation of yields can be found here Dash TV.This is another common misconception that you’re being paid to lock a certain amount of tokens, but in fact you’re paid to provide services to the network.

This is however a lot more complex in ICON with many more components as a super chain.

Now for the sake of this discussion, only Charlie and Roger are in the Representation Channel, and 2infiniti wants to become a delegate.

Since Charlie and Roger are never in agreement, but w more votes in Roger’s hands, my application is vetoed and I then stay a regular citizen node in this Fast Cryptocurrency Payment DAPP.

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Today I’m going to explain in detail what DPOS is and how it fits into the puzzle of ICON’s incentive system.

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