The Witness Voting Engagement Report - 2018-04-19
How Engaged Are Steem Users in Voting for Witnesses?
That's what this monthly report is all about!
This month's engagement rate for accounts with 100,000 VESTS or more is:
31.56%
That's up 8.1% since last month, with a 7.5% increase in new accounts.
The percentage of VESTs actively voting is:
70.59%
If you're not sure what a witness vote is, or why it's important, please see my older post Steemit is Free, But Your Witness Vote Determines its Future.
Witnesses, within a Delegated Proof of Stake (DPOS) blockchain like STEEM, are very important because they protect the blockchain and add new blocks with validated transactions to it. Unlike Bitcoin or other Proof of Work (POW) blockchains, there is no concern with centralized mining farms controlling or forking the protocol into something the users don't want. With DPOS, the largest stake holders get to pick who controls the protocol and those stake holders can change the witnesses at any time by changing their witness votes. For a detailed explanation of DPOS, see DPOS Consensus Algorithm - The Missing White Paper. You can also see this post of mine for why I'm such a fan.
This report uses @arcange's STEEMSQL. You can now pay for access via https://steemsql.com/ for 1 SBD a day or 10 SBD for a month. Check it out and give him a Witness vote if you haven't already.
MV stands for Million VESTS.
VESTS are like vested shares in the STEEM blockchain and relate to the STEEM token by a ratio (490.736 STEEM per MV as of this report).
VESTS impact the weight of your vote on posts and the influence of your vote for STEEM Witnesses.
Here's how I'm filtering the data:
All Accounts: No filter applied, includes all accounts.> 100,000: Accounts with 100,000 or more VESTS.> 0 Posts: Accounts which have posted at least once.> 100k & > 0 Posts: Accounts with 100,000 or more VESTS who have also posted at least once.Active: Accounts which have voted, commented, and posted a root post in the last 30 days.
The percentage values in parentheses show the change since last month's report.
The total VEST numbers listed below don't include accounts belonging to Steemit, the company, which are not currently participating in witness voting.
Overview
This shows the total number of accounts and VESTS.
| Filter | Accounts | % Accounts | VESTS | % VESTS |
|---|---|---|---|---|
| All Accounts | 945,559 (7.5%) | 100% | 202,872 (1.1%) | 100% |
| > 100,000 VESTS | 36,872 (3%) | 3.9% (-4.2%) | 197,566 (1.1%) | 97.38% (0%) |
| > 0 Posts | 426,103 (6.6%) | 45.06% (-0.9%) | 150,975 (1.4%) | 74.42% (0.3%) |
| > 100k & > 0 Posts | 27,377 (4%) | 2.9% (-3%) | 148,318 (1.4%) | 73.11% (0.3%) |
| Active | 83,104 (-16.7%) | 8.79% (-22.5%) | 75,937 (-1.2%) | 38.44% (-2.2%) |
Voters
This shows the total number of accounts and VESTS which have voted for a witness or set a proxy.
| Filter | Accounts | % Accounts | VESTS | % VESTS |
|---|---|---|---|---|
| All Accounts | 43,826 (9.3%) | 4.63% (9.2%) | 143,204 (2.4%) | 70.59% (2.4%) |
| > 100,000 VESTS | 11,636 (8.1%) | 31.56% (8.1%) | 142,754 (2.4%) | 72.26% (2.4%) |
| > 0 Posts | 38,581 (9.9%) | 9.05% (9.8%) | 114,750 (2.8%) | 76.01% (2.8%) |
| > 100k & > 0 Posts | 11,085 (8.2%) | 40.49% (8.2%) | 114,327 (2.7%) | 77.08% (2.7%) |
| Active | 19,329 (-4.5%) | 23.26% (4.4%) | 61,229 (0.7%) | 80.63% (0.7%) |
Voting For Inactive Witnesses
This shows the number of accounts which are currently voting for witness accounts in the top 100 there not currently active witnesses. This number should be 0.
| Filter | Accounts | % Accounts | VESTS | % VESTS |
|---|---|---|---|---|
| All Accounts | 9,074 (-3.4%) | 20.7% (-3.5%) | 38,256 (-29.7%) | 26.71% (-29.7%) |
| > 100,000 VESTS | 2,433 (-8.9%) | 20.91% (-8.9%) | 38,164 (-29.7%) | 26.73% (-29.7%) |
| > 0 Posts | 8,654 (-3.5%) | 22.43% (-3.5%) | 37,753 (-29.8%) | 32.9% (-29.8%) |
| > 100k & > 0 Posts | 2,395 (-9%) | 21.61% (-8.9%) | 37,665 (-29.8%) | 32.94% (-29.8%) |
| Active | 3,607 (-21.9%) | 18.66% (-21.9%) | 17,503 (-43.3%) | 28.59% (-43.3%) |
These are the inactive witnesses in the top 100 as of this report, but keep in mind some of them may only be temporarily inactive:
wackou
roadscape
complexring
datasecuritynode
steempty
bitcoiner
bacchist
witness.svk
arhag
au1nethyb1
theprophet0
cyrano.witness
blueorgy
bayareacoins
kushed
bue
tdv.witness
Have You Voted for a Witness?
If you haven't voted yet, please consider setting @lukestokes as your proxy voter. Otherwise, go vote for some STEEM Witnesses you respect who you believe will do what's in the best interest of the network. I hope that includes my witness, @lukestokes.mhth. If you're not sure who to vote for, take a look at some witnesses you respect and see who they are voting for via their account on steemd.com or steemdb.com. Some witnesses are very active behind the scenes supporting important projects, but not as active as bloggers, so keep that in mind when you vote. This should not be a popularity contest favoring those who are the best communicators (though communication as a witness is certainly important). It's meant to put in place the best people to support the STEEM blockchain. That includes multiple dimensions from technical expertise to economic theory to community building.
For more on what witnesses are doing each week, follow @timcliff's weekly Reports from the Witnesses post.
Again, if you're not sure what a witness vote is, or why it's important, please see my older post Steemit is Free, But Your Witness Vote Determines its Future.
Thank you! I hope you found this useful.
Previous Reports:
- 2018-03-23
- 2018-02-23
- 2018-01-18
- 2017-12-21
- 2017-11-15
- 2017-10-18
- 2017-09-20
- 2017-09-13
- 2017-09-06
- 2017-08-30
- 2017-08-24
- 2017-08-16
- 2017-08-08
- 2017-08-01
Hello @lukestokes
I am happy that witness voting engagement rate is always on the increase. This monthly report of yours was what gave inspiration to the Birth of my Show Us Your Witnesses Weekly Contest. It is my pleasure that I am contributing to the growth of this important stat in my own little way.
Last edition saw to the adding of 148 Witness votes to the number of steemians voting for witnesses.
The current edition has been on since last week Sunday and more people are submitting entries.
And I don't plan to stop this contest any time soon for as long as resources allow me.
I feel great being inspired by this important report to do something in support of it.
Thanks and God bless.
@eurogee of @euronation community
You are always good to go. Always you have been an interactive, social and accommodating witness. You deserve more than just a vote. Keep on the good job
Those are quite some numbers to munch, but I think I get the gist of it.
You are kind of my source on numbers for Steemit :-)
Although everything is available for all to see but getting it report by report and thus reading part at a time is far more manageable than to try make sense of the whole system at once. Thanks.
Very interestings stats here. I didn't consider my responsibility as a Steem dolphin enough so far when it comes to witnesses. If I want to see Steem thrive then I gotta do my research. Thanks for the lesson and keep them coming!
I've voted for 13, i really need to check a few more out :)
Your efforts and support are appreciated greatly..thank you.
For sure for newbies I it hard to understand why it is necessary to vote for witnesses. This because they don't understand what they do and how they could influence the future of the Steem Blockchain!
I'm now active on the Steem blockchain for around 125 days and didn't realize the importance of voting for witnesses until day 100.
Had to check if you already had my vote, but you have!
I have now voted for 10 witnesses, luckily all still active, and I am trying to figure out how to fill the next 20 votes!