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DPoS or What is voting in Lisk?

Reyraa
Reyraa
Apr 18, 2018 · 4 min read

You have heard about voting for delegates in Lisk or even you might have seen the voting page of Lisk Hub application and as a newcomer, wondering what is voting and who you must vote for? Is is vital? What happens if you don’t?
In this article I try to provide a short and easy to grasp answer to all these questions.

Who are delegates?

Lisk is a decentralized network. It means that many people all around the world run the platform on their own computers and when you try to access the network, each time, randomly one of them responds you. Amongst all prople running the platform, 101 are delegated to be the first ones to initiate and confirm the authenticity of the newly generated transaction. I bet now you are asking how they confirm the authenticity of a transaction? who chose them to be delegates? Why they volunteer to perform this service?

I’ll try to answer these question in order.

How they confirm the authenticity of a transaction?

All the transaction are gathered in a list that we call Transaction Pool. Every one in the network has a copy of the Transaction Pool. Every 101 second the Platform shuffles the list of 101 delegates, and again, every one in the network now the sequence of 101 delegates for the current 101 seconds. We call each 101 seconds a round.

Each delegate in every round, in their own turn, take 25 transaction out of the Transaction Pool (which we call it a Block) and sign them by their signature. Then they send the transactions of the block through the network. Because every one in the network knows whose turn it was to first sign this block, so every one in the network can confirm if the transactions in this block are signed by an authenticated delegate or not.

Why do they volunteer to be perform this service?

In addition to the Round Fees Reward, every time a new block is generated in the network, the delegates which signed that block for the first time, in other words, forged that block, get a fixed amount of Lisk. This is called Block Reward.

You can read more in detail about rewards here.

How chose them to be delegates?

Now if you manage to convince all the prople holding Lisk in their accounts to vote for you, then you are the number one in the ranking (call it election if you want).
The Lisk platform automatically ranks every delegate, then the first 101 delegates in the ranking are called active delegates. They are the ones who confirm the transactions initially. They get the rewards and you can find them here in Lisk Explorer.

I’m also one of the delegates, you can find me here and vote if you like.

Why should I vote for delegates?

It’s worth mentioning that most delegates reward their voters by a percentage of the network rewards they receive. It’s no surprise that they distribute the rewards among their voters based of their vote weight, aka, the number of Lisk in their accounts.

conclusion

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