Editing Block producer DAO (section)

== Overview ==
A fork of [https://ethereum.org/ Ethereum] (or any other blockchain) with the original consensus mechanism initiates the new blockchain. The difference between an original blockchain consensus mechanism and a DGF variation is in governance. This section details [[executive governance]]. 

The fees are in the native currency token, denoted $. Initially $ is ETH in the case of an Ethereum fork. Then REP is minted when a block is produced. Distribution of REP and $ fees follow [[DAO Governance Framework#DGF workflow|DGF flow]]:

# A block producer is a holder of REP. A producer signals their availability to produce blocks by encumbering their REP in the [[availability smart contract]] (ASC). 
# Previous blocks [[availability smart contract#Pseudorandom selection|pseudorandomly select a producer]] from the active ASCs. 
# The selected producer follows the current protocol for block production which is encoded in the current [[work smart contract]] (WSC). 
# When the block is finished it is posted to the [[Forum]] with the $ fees collected from the block, opening a [[Validation Pool]] (VPSC):
## The fees include any transaction fees and any newly minted $ from that block. These sources of $ are two types of production taxes to the system.
## The VPSC mints new REP in proportion to the $ fees and encumbers the REP appropriately--default is 50% for the producer, 50% against the producer.
## The Bench of experts evaluate the block and stake their REP on the outcome.
## VPSC resolves the vote, distributing the REP to the winners in proportion to their stakes.
## VPSC distributes the $ fees to all members of the DAO in proportion to their REP holdings ([[Reputation#REP Salary Mechanism|REP salary]]).
# Repeat

[[File:BlockPropagation2018Aug2BobSalarySimplified.png|thumb|676x676px|none]]