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RE: We welcome you all to this week's issue of #talkchannel in the WORLD OF XPILAR Community ,Theme this week: ***NEW WITNESS***( week 37)
Without witnesses, our blockchain will not work
Witnesses
What are Steem witnesses?
The Steem blockchain requires a set of people to create blocks and uses a consensus mechanism called delegated proof of stake, or DPOS. The community elects 'witnesses' to act as the network's block producers and governance body. There are 20 full-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. Witnesses are compensated with Steem Power for each block they create.