You are viewing a single comment's thread from:
RE: BitShares now pays 3BTS (2x increase from previous 1.5BTS) per created block!
The proposal has already reach >70% approval by the committee members and will be open for review by shareholders on 24. Feb 00:00 UTC. It will be executed one hour later. And become active after the maintainance interval.
If I understand it correctly, shareholders have 1 hour to approve or reject a proposal in a stake referendum? Why is it such a short period (I imagine I'm just misunderstanding)?
The review period is currently set to 1h to allow quicker updates of parameters (e.g. fees). During that time, the committee members cannot add or remove approvals of a proposal, but sharesholders can vote out committee members and still prevent proposals from executing .. Given that BitShares is still in its early days, we haven't seen the need to increase the preview period yet ..