Is there any new about ICX Staking system .
I have been waitng from a long time.
I have been waitng from a long time.
I wouldn't expect to be able to just stake small amounts of ICX, I would be that the staking will be like DPos where stakers are elected by votes...so small holders probably won't be able to stake. Unless someone can prove me wrong by posting a link?
Looking at the chart depth there are ALOT of buyers (support) around 7900-8k sats, unless these are fake buy walls i would say we are close to the bottom for ICX, another thing is that the sell depth is extremely thin, price could easily shoot up to 8500-9k with a couple big buyers coming in.
and Yes it DPOS
DPOS is very promising. I would like to have more information on this topic. How many coins do I need to become a validator?
consensus algorithm mainly used for a traditional state machine replication. For data consensus, BFT
series consensus algorithms (famous for PBFT (Practical Byzantine Fault Tolerance) 30 ), make
consensus by voting for validation of data and sharing the results. Tendermint
31 announced blockchain
consensus algorithm that modified PBFT algorithm into DPOS (Delegated Proof Of Stake). In addition,
IBM Fabric, a private blockchain project for enterprise, chose PBFT as a consensus algorithm in version
0.6. and attempted to utilize SBFT (Simple Byzantine Fault Tolerance) that simplified PBFT as a
consensus algorithm for Orderer service in version 1.0." https://icon.foundation/resources/whitepaper/ICON-Whitepaper-EN-Draft.pdf