Unlike other cryptocurrencies where we can have 100s or 1000s of unknown miners or pools on STEEM consensus is made by people called witnesses.
They are the ones mining blocks and accepting forks/changes in the code.
If for example STEEM INC changes things in code, witnesses may deny it and the change wont go live.
This is why it is important to choose them wisely and review often.
Not everybody has ability to choose right ones or monitor current ones so STEEM came with idea of proxy.
Proxy means you can pass your witness vote to somebody else by this you support the network without doing anything.
Its better to pass vote and help the network than not vote or not keep the list verified and updated often.
To explain to newbies - this vote costs you nothing, passing this vote doesnt make any change in your funds or power. This is just another setting that has nothing to do with posting or voting on posts.
Right now with latest updates its very easy to pass your proxy vote to me or somebody else that you prefer.
Just go to https://steemit.com/~witnesses and on top put my nickname - kingscrown in the field.
Notice put me in PROXY field, not in witness field. Im not a witness and i will never be, I only plan to monitor current ones.
How do i choose witnesses?
I look for missing blocks, for their voting preferences, fairness, github commits and activity on STEEM.
I change those often depending on circumstances. So if you are not familiar with how STEEM works on the inside yet would like to help the network - consider giving me your proxy voting.
If after some time you will decide im not doing a good job - you can just switch to manual any time. There is no risk involved at all.
Are you a witness i have overseen ?
Contact me on chat or in comments here and i will review what you are doing.
Follow, Resteem and VOTE UP @kingscrown creator of http://fuk.io blog for 0day cryptocurrency news and tips!