Announcement - Delegate Darkoth89.
What is DPOS?The difference between a regular PoS system and a DPoS system can be compared to the difference between direct democracy and representative democracy. In regular proof of stake every wallet which contains coins is able to ‘stake’ – which means to participate in process of validating transactions and forming the distributed consensus and to earn coins in return. In a Delegated Proof of Stake system every wallet which contains coins is able to vote for delegates, and it is these delegates (101 in the Bitshares implementation) who perform the function of validating transactions and maintaining the blockchain and take the transaction fees as profit.In depth source.
Why vote for me?I believe in the RISE project and securing the blockchain though different geographically located nodes, not making a quick buck. I have been actively involved in node testing (first person to host a rise node) and am also the first person to host a testnet delegate. Hop into slack and I am active most of the time if you need advise or want to talk about the project.
What I am offering.Voting for me will ensure the security, stability and safety of the RISE blockchain. I will be hosting nodes in the following major locations:
All community members who vote for me with earn a share each month in the RISE forged by my node. This will be posted monthly to the thread along with earnings so it is transparent and everyone can see. To take part, vote for me on the main net at launch, send a screenshot as proof along with your balance to the email provided at launch to be added to the POV stake holders.
Stakes will be decided using the following algorithm: Forged allowance / total RISE in votes * your share. Example:
The forged stake share amount is 5000 RISE. The total RISE in votes is 250,000. Each share will be worth 0.02 RISE. You voted with 27,000 RISE, you receive a total amount of 540 RISE.
Signature Campaign Much like with the RISE signature campaign, I will be hosting a Delegate signature campaign. Stakes will depend on member rank, with high ranking members earning more shares. Further details including the signatures will come when maint launches.
Example of distribution:
The forged stake share amount is 5000 RISE. 28 people take part in the campaign with a total of 128 shares. Each share will be worth 39 RISE (rounded down) which will be evenly split depending on member rank.
This will be traceable in a google spreadsheet nearer the time, and much like with voting monthly payouts will be posted in the thread.
TL;DR?Nodes hosted in all major geographical locations secured with
anti DDOS and SSL.
Proof of Vote stakes
Signature campaign
Strong believer in the project
Not a Scrooge McDuck.
Want to setup your own node?Justin has updated the code to include fixes for the Blockchain issue I found in testing.
Run the following updated code on a fresh droplet / VM:
curl https://rise.vision/cdn/RiseInstaller.sh > RiseInstaller.sh && bash RiseInstaller.sh
Have a domain and want to get ride of the need to use
www.yourdomain.tk:7000? Install Ngix and edit the config file using the following code:
If you have just installed the node, skip this update step as it does it automatically in the script.
Install nginx
sudo apt-get install nginx
The config file will be in the following location /etc/nginx/sites-available/default I suggest using WinSCP for easier editing.
Replace all the contents with the following, and change 'example.com' for your domain.
server {
listen 80;
server_name example.com;
location / {
proxy_pass http://localhost:7000;
proxy_http_version 1.1;
proxy_set_header Upgrade $http_upgrade;
proxy_set_header Connection 'upgrade';
proxy_set_header Host $host;
proxy_cache_bypass $http_upgrade;
}
}Restart nginx
sudo service nginx restart
(This will be packaged into the main script on launch and will not be required)
Browse to your domain and you should be presented with the RISE login page!
