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How to become a delegate in the SmartHoldem 2.0 network and start earning fees
SmartHoldem 2.0 is a next-generation open-source hybrid blockchain platform based on the world's first consensus mechanism with a unique combination of Delegated Proof of Stake (DPoS) and Proof of SpaceTime (PoSt) algorithms.
SmartHoldem 2.0: Blockchain Innovations
https://community.smartholdem.io/topic/1004/smartholdem-2-0-blockchain-technology-innovations
Become a delegate in the SmartHoldem 2.0 network:
Delegates play a central role in the public SmartHoldem DpoS Layer l blockchain.
Active delegates are community representatives elected and authorized to sign blocks.
You can become a delegate on the Smartholdem blockchain and earn rewards by supporting the network. To do so, you need to install a Node, according to the technical requirements, and get the required votes to enter the top 21 best delegates https://blockexplorer.smartholdem.io/#/delegate-monitor/. There is no limit to the number of decentralized Nodes outside the Top 21.
If you think you can contribute, help secure the network, and add value to the SmartHoldem ecosystem, find out how to become a delegate.
DPoS SmartHoldem Blockchain
Smartholdem Layer l blockchain runs on the Delegated Proof of Stake (DPOS) consensus algorithm with Byzantine Fault Tolerance (BFT). This ensures that blocks are always completed and can never be reverted.
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Delegated Proof of Stake (DPOS) is a blockchain consensus mechanism in which network users vote and select delegates to verify blocks.
SmartHoldem Delegates
The top 21 delegates according to the Delegated Proof of Stake (DPOS) algorithm check transactions every 8 seconds, create new blocks, maintain the SmartHoldem network, and receive rewards for each signed block.
There can only be 21 active delegates in SmartHoldem DPOS, other registered delegates are on standby. They can replace active delegates who have gone offline and join the top 21 active delegates.
The delegate system is extremely competitive because a delegate can move into or out of the top position of the Top 21 at any time. This sustainable scheme allows new delegates to prove themselves, gain the community's attention, and enter the Top 21 at any time if the community votes a new delegate into an active position.
Delegate Rewards
The delegate who signs the block receives ALL NETWORK FEES for the transactions included in that block. Different transactions have their fees on the Smartholdem blockchain. For example, if a block includes 500 standard transactions, the delegate will earn up to 500 STH. If the block includes no transactions, the delegate will earn nothing for that block. If the block includes a delegate registration transaction, the delegate will earn 10,000 STH.
List of fees on the SmartHoldem blockchain https://wallet.smartholdem.io/blockchain/.
SmartHoldem DPoS blockchain includes new transaction types such as multiple payments, gaming transactions, multi-signatures, crypto-signatures, second passphrase, burn transactions, registration transactions, IPFS hash transactions, hashed time-locked contract (HTLC), Zero-Knowledge Proofs transactions, delegate resignation, and copyright registration.
Read More - SmartHoldem 2.0: Blockchain Innovations.
There is no emission in the SmartHoldem blockchain level 1 (DPOS). There are no additional rewards other than transaction fees. SmartHoldem has a developer fund and you can offer your application on the SmartHoldem blockchain and qualify for rewards from the fund.
Become a SmartHoldem delegate:
Anyone can become a SmartHoldem delegate.
All you need is a reliable server and active participation in the SmartHoldem community.
Delegates are highly valued for their crucial role in securing the SmartHoldem registry. Elected delegates represent SmartHoldem coin holders by suggesting ideas or changes to the network and contributing to the improvement of the ecosystem.
Anyone can manage a SmartHoldem node and register a delegate. However, only delegates in the top 21 can form (create) new blocks and get rewarded in SmartHoldem STH.
One of the reasons to become a SmartHoldem delegate is to be part of an innovative and cutting-edge team and to be rewarded and highly respected in our community because of their critical functions.
Getting started with SmartHoldem is easy with step-by-step guides and a supportive community for everyone, regardless of their technical background.
Connect with the community
For a delegate, active participation and connection to the community is vital to gaining votes.
Generating delegate slots is competitive and requires more than just managing a node. Creating new applications based on SmartHoldem, and offering additional services such as code validation, vulnerability reports or community outreach can make the difference between a vote for or against.
You can also offer voters a percentage of the rewards to get the necessary votes to reach the Top 21. After voting for a Delegate, the voter receives a portion of the Delegate's reward as a reward for voting.
The reward is measured based on the voter's share of participation, the number of votes, and the percentage of payoffs established by the Delegate.
To become a Delegate, follow the instructions on our GitHub
Technical specification:
To run a SmartHoldem node you will need a dedicated server and preferably a backup server. We recommend using quality networks rather than cheap VPS providers.
SmartHoldem Node specifications: 16 GB RAM, CPU 4, 64 GB HDD or 32 SDD.
💻 Installation of SmartHoldem Node
https://github.com/smartholdem/sth-core
Registering your delegate:
Register your delegate in SmartHoldem Wallet.
To register your delegate, you need to send a delegate registration transaction worth 10,000 STH from your SmartHoldem Wallet.
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Set up your node.
Declare your delegate in the community forum.
Submit a proposal detailing your network configuration, proposed payout percentage, and additional services.
Introduce your delegate to the community!
Get SmartHoldem STH:
You can purchase SmartHoldem STH on exchanges, in DeFi pools, by voting for an already registered delegate who shares rewards, or maybe even by asking nicely.
Trade SmartHoldem STH on XBTS Dex
https://ex.xbts.io/asset/XBTSX.STH
STH DeFi pools
https://app.xbts.io/#/pools?a=sth
SmartHolder Staking
https://app.xbts.io/#/smartholder
Trade SmartHoldem STH on Xeggex
STH/USDT https://xeggex.com/market/STH_USDT
STH/DOGE https://xeggex.com/market/STH_DOGE
SmartHoldem platform https://smartholdem.io
GitHub SmartHoldem https://github.com/smartholdem
SmartHoldem Online Wallet https://wallet.smartholdem.io
Blockchain Explorer https://blockexplorer.smartholdem.io
SmartHoldem Telegram https://t.me/smartholdem
