Re: [ANN][KMD][dPoW] Komodo - next generation platform, Secured by Bitcoin
Notary elections are stake based, 1 VOTE = 1 KMD, so I'm sticking with dPoW is a VERSION of (delegated) PoS, that makes sense to me, and regular Jo's can understand the concept. The VOTE allocation is based on proof of stake, no selling votes, no sending VOTES to third parties, just 1 legal send from KMD investor to a NN candidate. 64 NN then form a network for completing dPoW tx, that's the essence IMO
Something I've come across is people confuse the 5% 'reward' for PoS because they get coins without having to mine, like staking. For this reason I think the best way to phrase things is NN selection is stake based and there are no restrictions on who can run for a spot as a NN, so in a way it is similar to delegated PoS, but strictly speaking isn't PoS at all because once the NN are elected the KMD holders have no further roll in the dPoW process until the next election (like an electoral college), and KMD blocks are PoW mined.
It can be confusing
