A Hive Witness is a user who operates a server that helps to validate transactions and create new blocks on the Hive blockchain.
Key Responsibilities:
Validate transactions and ensure the integrity of the blockchain
Create new blocks and add them to the blockchain
Participate in the governance of the Hive network by voting on proposals
Provide infrastructure support to the Hive ecosystem
Incentives:
Witnesses are rewarded with Hive Power (HP) for their work, which can be used to influence the network through voting.
Importance:
The role of Witnesses is crucial to the security, stability, and growth of the Hive ecosystem. By supporting reputable Witnesses, users can help ensure the long-term health and success of the network.
In the context of the BBH Project, supporting the @thebbhproject Witness helps to promote the project's goals and values within the Hive community.
I knew Witnesses were important to the Blockchain, but I didn't understand the why behind it! Thank you for your help!
That askrafiki thing is pretty cool too! I honestly had no idea it existed until now!
Awesome, you are getting educated :) !BBH !PIMP
What is a Hive Witness?
A Hive Witness is a user who operates a server that helps to validate transactions and create new blocks on the Hive blockchain.
Key Responsibilities:
Incentives:
Witnesses are rewarded with Hive Power (HP) for their work, which can be used to influence the network through voting.
Importance:
The role of Witnesses is crucial to the security, stability, and growth of the Hive ecosystem. By supporting reputable Witnesses, users can help ensure the long-term health and success of the network.
In the context of the BBH Project, supporting the @thebbhproject Witness helps to promote the project's goals and values within the Hive community.