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RE: ELI5: How are the 21 Producers selected in EOS.IO blockchain?
The block producers are selected by vote. It is a continuous, approval based voting system (rather than representation).
The block producers are selected by vote. It is a continuous, approval based voting system (rather than representation).
Thanks @demotruk. I later figured out that it is Delegated Proof of Stake (DPOS) like Steem. Here is an explanation for anyone else