OK, I read some of those links about being a delegate or voting but I still don't really understand what I'm doing. I also read this link:
https://blog.ark.io/lets-forge-some-ark-rewards-kick-in-at-block-75-600-abe2e7bf2b98It says the more ARK I have, the more I can use for voting power/percentage or something? Voting for what though? If I vote using 30,000 ARK coins, does that mean I'm giving away 30,000 ARK coins to the delegate guy? And in exchange I'll receive a very small percentage back every month?
I don't really understand any of this or why I would want to do this...Can someone shed some more light please?
P.S. I cannot sign up to Slack to get more info because it says I must be invited:
"Don't have an account on this team yet?
Contact the team administrator for an invitation"
Being a delegate means you run a server that serves as a relay node and secures the network by handling the transactions and creating blocks. Kind of like bitcoin miners do. And for every block they create, one of the 51 delegates with the most votes gets 2 ARK. Again, kind of like bitcoin miners do. This is something left for people who know the system pretty well. Leave it for now.
How can you participate? You can vote. An you literary vote with your wallet.
Click on the vote option and add your favorite delegate (
https://www.youtube.com/watch?v=NetVbCbFJcQ by heliohash) and vote for him.
The full list is here:
https://www.arknode.net/VoteReport.txt and details here:
https://explorer.ark.io/delegateMonitorIn return for your vote, you get a fraction of the reward (forged ARK) proportional to how much ARK you have in the wallet you voted with.
Lets say you have 30.000 ARK in your wallet. The delagate has 300.000 ARK votes. You get 10% of the reward.
Of course most delegates don't give 100% of the reward back to the voters. Here's the presentations of many delegates:
https://forum.ark.io/category/5/delegates Choose who you wish to support.
, i loved! :
