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Seung Woo Kimmergify[bot]
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Update dynamic validator document
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spec/Dynamic-Validator.md

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@@ -57,16 +57,16 @@ The candidate who deposits less than **MIN_DEPOSIT** cannot participate in the e
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The candidate can deposit more than **MIN_DEPOSIT**, but they cannot withdraw it manually.
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## Delegation
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The stakeholders have the right to choose validators as much as their shares.
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This is called delegation, and the stakeholders who have delegated called delegators.
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The delegation is valid only when the delegatee is not an eligible or not banned.
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The stakeholders have the right to choose validators in proportion to their shares.
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This is called delegation, and the stakeholders who have delegated are called delegators.
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The delegation is valid only when the delegatee is eligible and not banned.
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The delegated stakes are returned when the account becomes an eligible account or a banned account.
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## Election
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The election is a process that elects validators of a term according to the following rule:
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1. Select the candidates who deposited **MIN_DEPOSIT** or more.
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2. Pick **MAX_NUM_OF_VALIDATORS** candidates in order of having received many delegations.
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2. Pick **MAX_NUM_OF_VALIDATORS** candidates in order of the amount of received delegations.
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3. Select **MIN_NUM_OF_VALIDATORS** accounts; they become validators.
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4. Among the rest of them, drop the accounts that received less than **DELEGATION_THRESHOLD**; the remaining accounts become validators.
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