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RE: Welcome to Hardfork 20! [Updates and FAQ]
We'll be kicking off the weekly challenge again on Monday :)
Here's our first take at what the new lingo means. Hopefully this helps!
- Resource Credits (RC's) - allow the Steem blockchain to operate efficiently. RC's are calculated on a scale from 0-100%, they keep tabs on all of your actions and are constantly regenerating. The more Steem Power you hold, the faster your RC's regenerate.
RC's are burned each time a user performs actions on the blockchain such as comments, post-publishing, votes, transfers, power-ups, and most importantly - creating new accounts. Every action on - any - blockchain carries a computational cost. RC's are like a precious invisible resource that Steemians can use to pay for actions.
- Voting Mana (VM) - is directly correlated to your votes on a scale from 0-100%. When RC's are burned to pay for votes, your VM goes down as well. But just like your precious RC's, Mana regenerates over time.
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waybeyondpadthai (76) 7 years ago