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RE: Show Us Your Witnesses Weekly Contest: A Concept To Drive Up Witness Voting Engagement Among Steemians (Episode #7 Result Updates; Episode #8 — 6SBD Prize Pool; 3 Possible Winners)

in #contest6 years ago

Steem-blockchain requires a set of people to create blocks and uses a consensus mechanism called DPOS. The community elects 'witnesses' to act as the network's block producers and governance body. There're 20full-time witnesses, producing a block every 63-second round. A 21st-position is shared by the backup witnesses, who are scheduled proportionally to the amount of stake-weighted community approval they have.

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