Great news - @origin_trail 6.2.0 which introduces delegated staking is live on devnet. As core devs perform the final tests, we’re about to see delegated staking go live on @gnosischain within the coming days after successfully concluding all functionality checks. Let's explore the impact of delegated staking on the Decentralized Knowledge Graph (DKG) 👇 Hosted on the permissionless @origin_trail network, the DKG allows anyone to share & use its knowledge, to operate nodes and engage in staking. The DKG strategically organizes nodes to store specific segments of the DKG knowledge assets, incentivized by knowledge publishers which use TRAC tokens to index knowledge assets. Nodes and knowledge assets both are systematically arranged in a ring through consistent hashing. The OriginTrail protocol then incentivises DKG nodes which are “close” to a specific knowledge asset hash (in its “neighborhood”) to host those knowledge assets and allowing them to recuperate TRAC for the knowledge assets they (should) host, promoting scalable growth (not all nodes need to host the entire DKG). Unlike traditional distributed systems that rely on leader election protocols, OriginTrail operates without a single administrator or leader. Smart contracts manage the protocol, and the leading role effectively belongs to the stakeholders in the DKG ecosystem, owners of its core utility token TRAC. As nodes in the network need to accumulate a certain amount of TRAC tokens (50k at minimum) to participate in the network and be eligible for rewards, they effectively need to align with the wider community in an open market to attract the available TRAC The new incentive driving formula considers therefore two input variables: the “distance” and amount of staked TRAC (delegated to that node), every time a node attempts to replenish TRAC as rewards for hosted knowledge. This means that nodes “close enough” to a knowledge asset in distance terms then “compete” on accumulated stake with other nodes - a higher stake will linearly increase their chances of rewards. To limit potential over-accumulation of stake, an upper bound is set (to 2M TRAC tokens per node). The TRAC security stake then enables the community to signal high quality nodes and significantly enhance the market, while receiving a portion of the rewards as incentive for locking up their TRAC. With staking in action in the real environment of Gnosis, as a community we will be able to ultimately test the game theory implementation and tweak it. After validating the approach, the update will also be deployed to @NeurowebAI blockchain. More on the mechanics of delegated staking can be found here x.com/BranaRakic/sta…
