Vote for a Delegate and Earn More Infinity Crypto
Infinity lives on its own Blockchain powered by Delegated Proof of Stake (DPoS) consensus system. DPoS consensus system features voting and delegation mechanism that makes the process more democratic. It offers low transaction fees and faster validation time. The entire network synchronizes more quickly which allows for a much more efficient network that eliminates energy-intensive computational mining process inherent in Proof-of-Work protocols like Bitcoin.
What are Delegates?
The Infinity DPoS will be composed of 25 delegates. These delegates are part of the Infinity Blockchain Network. They are elected by the users of the Network. Each user has one vote per coin they possess. The elected delegates have for mission to create, validate, timestamp transactions and include them in blocks. These delegates are paid by the transaction fees for block validation. If one of them, for any reason could not validate the block when it is his turn, the next delegate will validate it and get paid for the job. If a delegate had bad intentions, he would be ejected from the network at the next vote. DPoS network is self-managed and controlled by all its participants, which ensures that the best interests of the network remain the priority.
How to earn by voting a Delegate
Delegates are elected through a voting process where stakeholders earn one vote per coin they possess. These elected delegates validate the blocks and get paid for the job through transaction fees. These delegates then share a small percentage of their earnings to all stakeholders who voted for them. The more votes a stakeholder gives to a delegate, and the more coins they keep in their wallet, the higher the shares that they will receive.
How to vote a Delegate
Step 1: Go to your Infinity Wallet and click on Infinity.
Step 2: Click on the ellipsis (three dots).
Step 3: Click on vote located at the lower part of the screen.
Step 4: Scroll through the list and select the delegate you want to vote.
Step 5: Move the scroll bar to adjust the transaction fee. Then click the vote button.
Step 6: Congratulations! You have voted a delegate.
Read the next article to know more about delegates and how to choose the best one to vote for.
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