Is there an ETA on when the election rules will be released?
edit:
I'm particularly interested in the time period between elections, will there be a caretaker period to allow continuity so the network always has 64 nodes? When a node operator loses an election they will shutdown their node, but a new node operator might not have their server setup and paid for yet, so it makes sense to let the previous node continue until the new node is ready
edit2:
I suggest having elections 30 days before current node term expires
edit:
I'm particularly interested in the time period between elections, will there be a caretaker period to allow continuity so the network always has 64 nodes? When a node operator loses an election they will shutdown their node, but a new node operator might not have their server setup and paid for yet, so it makes sense to let the previous node continue until the new node is ready
edit2:
I suggest having elections 30 days before current node term expires
Notary node candidates
The deadline to become a candidate is next Sunday, November 27th 3PM UTC.
The election will happen roughly one week from that, but no exact date for it yet.
In newsletter #7 we said the following:
Quote
When you redeem your KMD after the ICO, you will have to vote. In other words the first voting process is embedded to our ICO. After the notary nodes have been selected the network will officially launch and we distribute the coins. There will be enough time reserved for the voting, that even the BTCD investors get a chance to do the swap and vote.
What about the next election?
If you have paid attention, you have noticed that we haven't talked about the other elections at all... that is because the election process beyond the initial one is still wide open.
We won't make any decision until later, as this is not the development priority. However we have speculated about different possibilities, and the most prominent one is to have periodical elections where some of the candidates are voted out for a re-election. This would drop out the bottom performers and incentivise the notary nodes to perform.
A warning to notary node operators
If you are thinking about setting up a notary node, there are some financial risks involved. There are two issues, 1) no one can guarantee you will get elected, 2) the final notary node number depends on our budget
We are planning to add a field for percentage of subsidy required. That means that each notary node candidate can decide how much guaranteed subsidy they require per node.
What about the next election?
If you have paid attention, you have noticed that we haven't talked about the other elections at all... that is because the election process beyond the initial one is still wide open.
We won't make any decision until later, as this is not the development priority. However we have speculated about different possibilities, and the most prominent one is to have periodical elections where some of the candidates are voted out for a re-election. This would drop out the bottom performers and incentivise the notary nodes to perform.
A warning to notary node operators
If you are thinking about setting up a notary node, there are some financial risks involved. There are two issues, 1) no one can guarantee you will get elected, 2) the final notary node number depends on our budget
We are planning to add a field for percentage of subsidy required. That means that each notary node candidate can decide how much guaranteed subsidy they require per node.
There are four regions and within each region, there is a separate election. With each KMD you can vote once in each region.
In other words, we could simply say 1 KMD = 1 vote on each region. There are 100M KMD, so each region will get 100M votes.
We will do an election guide, where we explain how the election process goes in detail.
Since this is important, I'll write it once more with big letter
Deadline to become a notary node candidate is November 27th, 3PM UTC
What to do if you want to become a candidate:
- Understand the financial risks
- Create a profile to https://www.komodoelection.com/
- join #notarynode channel in SuperNET Slack
- Setup Komodo Notary Node https://github.com/SuperNETorg/komodo/wiki/Setup-Komodo-Notary-Node
- more info: https://komodoplatform.useresponse.com/topic/can-you-give-me-information-about-the-notary-nodes-election-process
EDIT
The official borders of each region can be seen through this link: https://api.mapbox.com/styles/v1/audo/civtcyskm001k2krh98cgt8vz.html?title=true&access_token=pk.eyJ1IjoiYXVkbyIsImEiOiJjaXZzam83MTMwMDJsMm9td3k3N2RqMHB3In0.kKTgVKGejbZ5c00ib9hBpw#2/19.2/33.8
We will add each candidate to that map.
Other relevant pages:
http://www.komodometrics.com/
https://www.komodoelection.com/
