You are viewing a single comment's thread from:

RE: STEEM/SBD Prices are falling down what is the issue!!?...the steem team must do something immediately

in #bitcoin7 years ago

A STEEM witness is a person whom operates a witness server (which produces blocks), and publishes a price feed of STEEM/USD to the network.

Witnesses have many tasks. The first and foremost is to produce blocks (thus process transactions), the second most important is to produce a price feed, which is how STEEM Dollars are always worth 1 US Dollar in STEEM (using the 7 day exchange).
@baah

Sort:  

That's great, what does that have to do with either of my questions?

why, because some hearsay from poloniex?

I don't understand what you want the developers or other people to do, what is the goal and how would they go about achieving their goal?

Coin Marketplace

STEEM 0.20
TRX 0.25
JST 0.039
BTC 97402.80
ETH 3477.48
USDT 1.00
SBD 3.19