⚠️ On March 31st 2019, TTC Foundation launched its own blockchain solution, TTC, and rebranded TTC Protocol as Acorn Protocol. This article was announced before the separation. [Read more]
TTC Representative Election — Apply to Become a Candidate
Become a TTC Representative, a fundamental contributor to TTC Protocol’s main network Rigi
On January 31st, 2019, applications for TTC Representative candidacy have opened. Whoever wants to contribute to the TTC Ecosystem by governing the consensus and managing the TTC Blockchain are welcomed with open arms.
What is a TTC Representative?
As the TTC Blockchain adopted the Multi-level BFT-DPoS consensus, TTC Representatives are responsible for recording and synchronizing information into the TTC Blockchain. Their productivities are directly related to how well the TTC main network Rigi operates. Thus, it could be said that they are heavily responsible for pretty much everything that goes on the TTC Ecosystem; but most importantly, the fair and transparent distribution of TTC rewards. As TTC Representatives are fundamentally responsible for block producing, TTC block rewards are forwarded to both the Representative and their voters.
However, the roles of a TTC Representative stretches farther than block production. Representatives also play a crucial role in improving, thus evolving, the consensus. They possess the right to propose a change they see fit to bring about the consensus and can put it up for a vote. When Representatives vote for or against a proposal, all TTC holders can either support a Representative by voting or oppose by withdrawing their votes.
Thus, the main responsibilities of a TTC Representative boil down to the following three points.
- Block production
TTC Representatives will record and synchronize all information into the blockchain and be compensated for their contribution - Consensus evolution
TTC Representatives can propose improvements to the consensus and put it up for a vote - Community representation
Last but not least, TTC Representatives will listen to their supporters and reflect their opinions into the overall governance of the TTC Blockchain
How to Become a TTC Representative
There are no limits to who and what organization can become Representatives. Nonetheless, to ensure a stable operation of TTC Protocol, there are some expectations the applicants have to meet to become a candidate. Such expectations include the amount of TTC held, hardware configuration, past activities in regards to promoting TTC Protocol, and so forth.
Representative Candidacy Requirements
Basic Requirements:
1. More than 500,000 TTC held
2. Hardware Configuration
Minimum Requirements
Processor: 16core
Memory: 32GB
SSD: 2TB
Bandwidth: 10GBPreferred Requirements
Processor: 32core
Memory: 64GB
SSD: 5TB
Bandwidth: 25GB
Priority will be given if the following conditions are met:
1. The organization or individual has developed or plans to develop DAPPs on TTC Protocol
2. The organization has made contributions in terms of promoting TTC Protocol (e.g. active promotion of TTC Protocol on various channels such as Facebook, Twitter, Reddit, etc.)
Step-by-Step
Here is the entire process an applicant has to go through to become an elected TTC Representative. The strict screening and management of this process are to ensure the stable and smooth operation of the TTC Network.
- Submit application: http://bit.ly/Rep_apply
- Pass internal screening
The TTC Foundation will check each applicant’s application form based on the requirements mentioned above. Qualified applicants will be added to the candidate pool once requirements are met. - Get elected
During the election, all TTC holders can vote for one candidate via TTC Connect. The number of votes each voter holds is equivalent to the amount of TTC held within their wallet. (Election date will be disclosed later.) - Contribute as an official TTC Representative
After the election, the top 50 candidates will be elected as official TTC Representatives and become responsible for block production, consensus evolution, and community representation of the TTC main network Rigi (Note: Out of 50 TTC Representatives, 21 will be selected according to the multi-level mechanism and will produce blocks in each round.)
TTC Representative — Vitalize the TTC Ecosystem
By the end of March, the TTC Main Network Rigi will be launched to actualize a fully vitalized TTC Ecosystem. The TTC test Network Merapi has undergone vigorous penetration testings, compatibility testings, and recently, a hardfork to increase its stability and scalability. The Main Network Rigi launch will now harvest such efforts.
Upon TTC Protocol’s main network Rigi launch, every aspect of the TTC Ecosystem will be up and running right away. Thus, it is crucial that the TTC network maintains a stable and optimal network state from day 1 of the Main network Rigi launch. TTC Representatives are the fundamental contributors to an optimal TTC network, which is why the TTC Foundation urges competitive applicants to apply to become an official TTC Representative.
If you have any questions, reach us through our telegram channel and official email. We will continuously share updates and progress to the community. Thank you for your support and interest in TTC Protocol.
— TTC Protocol
About TTC
TTC is a blockchain fit for mass adoption and a sustainable token economy model. For details, visit our website. For the latest news on TTC, join ourTelegram and follow us on twitter.
