Proposal: Incentivize Sub P-Reps to run a Node by changing how Sub P-Reps become Main P-Reps


#1

#2

What do you think about the idea? Do you have any other ideas regarding this topic?


#3

As I said earlier - problem I see with it is that ALL sub P-Reps would have to run a full spec node.


#4

yes, it will be unfair for all sub P-Reps running full spec servers and waiting to be picked up as the main P-Rep! The reason is obvious, as they do not receive the incentives in the way as the main P-Reps do! This proposal will hit (most likely the sub P-Reps after the 50-th place from the list) to the ground and make them work for nothing but just for free or even worse if they have to pay to be a P-Rep!


#5

I also have an idea of how better this system of DPOS can work on ICON Project and I will write it down on Medium and also will be post it here as well… (soon) :smiley::v:


#6

In Telos BPs from 22 to 51 are brought into to Blocks Production Schedule every week 1-by-1. So, sequentially a top BP (say nr. 1) is replaced with standby-BP (say nr 23) for couple of hours (some fixed number of blocks) and then they change back… and then next top BP Nr 2 is replaced with standby-BP Nr 24… and so on… This continues independent of if top-BP goes down or not… But then in telos they have rewards system to support it…


#7

… It also provides a free window for maintenance work needed for top 22 BPs (in case if they need it)… I think it is very good!

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#8


#9

yes, it looks interesting and this was my point of view, to create a way that all p-reps need to be involved actively, but for that, we need to create a fare incentivise system to support all at the level to not pay to be P-Rep but to be rewarded, so p-reps would be focused on their proposal plans to be creative and to help the massive adoption of ICX when creating useful dapps.


#10

That concern is totally valid! It’s the block production reward that Sub P-Reps are missing so they can run a full spec node. But the only way to get block production rewards is to be a Main P-Rep and produce blocks :thinking:


#11

Sounds interesting. Definitely worth to take a look at!