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RE: Going Green and being seen on Steem
We're all gonna be rich! !!!
Until then, can you clarify something for me? (you are my 'go to' non geek speak expert concerning steem)
I've been studying the white and blue paper of late..
From the blue paper..
Different from PoW-only cryptocurrencies, tokens in Steem are generated at a fixed rate of one block every three seconds. These tokens get distributed to various actors in the system based on the defined rules of the blockchain
Who's energy is used (provided) - to actually produce the tokens, to then put in the rewards pool? (witnesses, steeminc, the users?)
(it has to be someones, somewhere, somehow...)
I have a paper of my own coming up (well, a post) but I need this bit of info...
Thanks for any input ....
The witnesses are paid in Steem to produce the blocks which is why the transactions can remain free. The witnesses are very important as are free transactions in the future as when there are hundreds of millions of transactions daily, they have to go through (witnesses) and being free is a competitive advantage over most other chains. Being able to send a fraction of Steem at no cost is going to be valuable. At the moment, it is used for wallet spam, but one day as a way to transfer steem across communities on and off platform for daily usage.
Ok matey, cheers for that.
(can you believe it- I actually thought this was the case!! Sussing this steem thingy out... best to confirm though.)
No worries.