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RE: How to be a top 100 witness: Engagement

in Ecency3 years ago

I'm still really new to Hive and have no idea what Witnesses are. There are so many confusing things about the network but I'm slowly learning.

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Witnesses are the equivalent of miners, but since it is delegated proof of stake, instead of how powerful the miner is, the more votes they receive determines how much they mine.

Every 3 seconds a block is produced, every 21 blocks is a round. We have the top 20 most voted witnesses and they can produce one block every minute (every round) and the 1 extra witness is "randomly" selected from all the other hundreds of witnesses below the top 20, the more votes you have the more likely you are to be selected for this 1 extra block.

I have personally always been against having those top 20 because it forms an oligarchy. Tron in my opinion is very centralised and they have 27 block producers (their witnesses), we have less than that.