ELI5 Question: What exactly are witnesses and what do they do? Is there a difference between being in top 100 vs top 20? What benefits do they usually get?
I've read some general posts about what witnesses are but it is still confusing. :)
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Not my area of expertise but they help run the steem blockchain. It is run on different nodes (how to keep it decentralized) and the top twenty vote to switch their version when a hardfork is decided on. Maybe someone else can take this one... They do get steem for their efforts, I know that.