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RE: How to be Witness? (witness properties & Pricefeed Update) Noob to Pro Guidelines..!!!
I mean, to be a witness we need tokens to validate transactions, don't we. just like any other PoS ecosystem.
That's not how the Steem blockchain works. To be a Witness needs no STEEM and no SP -- just witness votes from the community.
If you want to think of it in a PoS light, the "stake" is the community's trust in you as a witness.
Wow, it's so easy to be a witness, and they also get an estimated 200 steem per month as a reward. rather than being a validator on the Pos . project
Yes, technically it's fairly easy to get set up. But, getting those precious witness votes is the key!
Simply put, your witness ranking depends on the SP being held by the people who vote for you as a witness.
It's quite easy to understand, so if you want to make yourself a witness we need delegation support from people in the community, because this also affects the witness's reward income, right?
Exactly (though technically it's witness voting, not SP delegation) :) And as a community member, your witness vote is much appreciated by witnesses!
Point