I'm new to semux. I only heard about it recently when looking over posts about upcoming BTC airdrops. I've reviewed posts made by the semux Bitcointalk user, skimmed over the various FAQs and other websites, but I still have a few questions about the project.
It seems like instead of "mining", there is a "forging" process that allows by special nodes called Validators. To be a Validator, it seems just must first register as a Delegate (burning 1000 SEM) and then get enough "votes" from other nodes (or your own I assume) to rank amongst the top 64 vote getters. For each SEM you own, you can cast a vote. When you vote, that SEM becomes "locked" and cannot be spent unless you go back and "unvote" for that delegate.
Does a node (wallet) get anything in return for their votes? Do they get part of the 1 SEM (soon to be 3 SEM) block rewards from the Validators? Or do the block rewards go solely to the Validator who forged it?
If you don't get anything in return for your vote, I'm not understanding the point. It would seem the Delegates would most likely just vote for themselves (if having enough SEM) to stay being a Validator.
Sorry for the probably basic question, but I'm just trying to learn more about the system. Thanks.
It is a good question. The answer is just the validator gets the block reward (currently 1 SEM son 3 SEM), but it is an interesting idea that the voters get part of it. There are forging pools that do this (somehow). I could be wrong so wait for dev to final answer.
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