Mining: Minimum-difficulty, same algorithm as LTC; limited mining to authorized wallets (Delegates). 151 Delegates will be selected, with the minimum requirement of having 1M coins staking; within those, 50 Permanent Delegate positions are available at the requirement of 2M. Fees will be the only block rewards, since this is a 100% premine. Not all Delegates will produce blocks, but they will vote to establish consensus on the blockchain and receive staking rewards. Only Delegates with 2M staking will be able to mine, and limited to 25 miners to be decided by the Delegates' votes. If all Delegate positions remain held and fully staked, 201M coins (22% of supply) will be effectively locked from circulation.
Voting: Delegate vote weights follow an algorithm and miners may produce a block within a window of time, to be voted on by delegates and propagated to wallets. Each miner has a distinct window of time within which to produce a block and may opt to not produce a block. Fees are aggregated and distributed to all delegates daily according to stake. Delegates can vote out misbehaving miners or vote in new would-be honest ones, and may apply their vote-weight as much or as little as they wish. End-users at large vote on Delegates, but Permanent Delegates are permanent and transferrable.
For me Flash was a no brainer. I'm just glad I found it before everyone else did.
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