Update 1: started forging

Watched too much silicon valley I reckon.

On monday, the 10th of september, dutchdelegate started forging. While writing this article (on the 13th) we have obtained 145 voters for a total of 1,357,485 Ark.

At this same time development of the webapp is coming along very nicely. The account creation, email verification and personal settings (adding the wallet public address and setting the payout frequency) have been finalised. Right now we are working on a custom payout script to extend on the webapp functionalities. We hope to get this all finished in the next 2 weeks.

We are organising an Ark community meetup in the city of Nijmegen, on the 14th of October, hosted using our part of the dutchdelegate profits. We have also started looking into a collaboration with the Radboud University through an event such as a hackathon on blockchain.

Finally we have also answered a lot of questions on our delegate and our future plans. The most common asked question we have received is regarding capping the total amount of votes that we accept to ensure a very high payout rate.

Capping the total votes means that, although you are still able to vote on dutchdelegate, we will only pay the first X amount of voters who combined have more than Y amount of Ark voted on us. A waitinglist would then be made to allow new voters to enter once older voters leave.

Right now we have one of the highest payouts (100% first two weeks, then 96% for early voters, 95% for voters voting after the first two weeks). We are a delegate that not only aims to fairly distribute block rewards, but also contributes to the Ark community by organising events, building apps on the ecosystem and spreading information on Ark. Setting a cap would increase the reward for our current voters but would exclude new voters from using our delegate.

Another possibility is capping dutchdelegate (our first delegate) and creating a second delegate under the same rules, also capped. This would ensure that there is room for approximately 1 million new voters. However a single party to have control over two delegates might resemble a voting cartel, which we have no intention of creating. It is a difficult ethical problem involving centralization of voting power and letting the free market decide.

Looking at the current 51 delegates we can see that the competition has risen enormously. The lower delegates (51 to 41) have been constantly rotating in and out of forging and many public pools were forced to increase their share percentage. We are happy that more Ark is shared with the voters at the moment, coinciding with an increase in the Ark price.

A fair short term solution would be to keep dutchdelegate uncapped for the next four weeks. In the meantime we can focus on development while at the same time giving other public pools the time to adjust their share percentages and update their proposals. After these four weeks (if we are still in the top 51) we can reevaluate the situation.

We would love your feedback and opinions, especially on the ethical problem of having two delegates, so feel free to write a response on Medium or a different blog, contact us on dutchdelegate@gmail.com or send us a message on the Ark slack (@charles, @rhmral, @rudy).