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Roger Ver on the other end, brings Bitcoin Cash to ICON, a C-Rep of BCH.

Now we have both LTC and BCH in ICON Republic, these communities are grouped to ‘Fast Crytocurrency Payments’.

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The idea of delegates in a DPOS system is that they will forge or mint new blocks w their verifying rights on transactions, then rewarded for the effort.In traditional POW system, blocks are mined and miners are rewarded for their hash-power (and luck! Some fundamental flaws under DPOS include potential centralization where minority dictate the fate of majority, and ‘nothing at stake problem’ where delegates cannot be financially penalized besides losing their role.For instance, in the case of Dash, masternodes gain rights to perform tier-2 functions like Instant Send, Private Send, run Dash’s treasury system, governance voting etc.Masternodes essentially offer the opportunity of both yield and the potential for capital gains.This has been raised in our telegram group quite often recently, people are interested to find out if keeping ICX within the network will be inflationary or deflationary (ie, will there be enough incentives to keep up with potential 20% additional annual issuance).

Many want to run masternodes to yield better returns from the network, but masternodes actually do not exist in our ecosystem.

Solutions such as Futarchy governance model to penalize voters for their elected delegates’ misbehavior, or forcing delegates to stake (but then this becomes POS all over again).

These are topics worth exploring but is beyond the scope of this discussion, so I’ll only briefly mention here.

1) I’d say the major deciding factor is still market dynamics, ie, supply and demand of ICX tokens among exchanges.

Some might argue that how incentive system works will in turn affect the market supply and demand, while this may be true in some cases where people invest into a project for the incentive system in place, but that is rarely the case.

Today I’m going to explain in detail what DPOS is and how it fits into the puzzle of ICON’s incentive system.