I have yet to vote for a witness. I am going to figure out to give you the vote. Good luck, if you could could you explain or point me to a good explanation of what a witness node and what a seed node is. Sorry if it's too noob of a question, I am kinda new here. Following now and I wish you the best of luck in your future endeavors!
You are viewing a single comment's thread from:
No, that's a great question!
@pfunk put together an excellent guide here explaining what a witness is: https://steemit.com/steemit-guides/@pfunk/a-full-steemit-user-s-guide-to-steem-witnesses
Essentially witnesses create new blocks for the Steemit blockchain and ensure the system continues to run smoothly. They make decisions about future code changes to Steemit as well as parameters which impact the economics and signup fees.
In other blockchain systems, the miners have all the control and sometimes they don't act in the best interests of the users. Also, they can't be voted out of their position of influence. The Steem blockchain is different and uses delegated proof of stake which @dantheman recently explained in this white paper. Witnesses are part of that system and they can only hold that position if the network votes to give them that role.
Thanks for getting back to me. That helps me understand tremendously. I will be voting for you today. Best of luck. Let me know if I can help in any way!!