Why does EOS need your votes and who the Block Producers are?
The governance concept of EOS implies the Block Producers and Candidate to BPs’ existence and their further competition for more effective performance. Block-producing better, faster, more comfortable scam-free way and developing user&business-friendly apps with some kind of community contributions can be figured out as major options to be required or considered as a needed base.
Block Producers are those who have the top-notch server with a strong architecture and the team developing management at three levels: structure, practices, and processes by means of integration. The management is based on Consensus of BPs, in sum, EOS is governed by.
Qualitative performance, time-factor & value to a Client (eos-user or partner) seem to be essential for voters in preferences. In an advance findings, Block Producers are an integral part of EOS-structure.
The subject of much debate is the criteria of voters.
• There are top 21of EOS block producers to be voted for and all the rest who are on the list and on their way to the top. That 21 are to make Consensus and produce blocks for successful eos-performance. Everyone with tech requirements kept could make a BP. The top 21 ensures the proper performance and has some authority to keep track of the smart-contract platform.
• But beyond that, some economic benefit is given to BPs for their tech and all their other contribution to EOS-system, maintenance, and development. That is the essential motive along with prestige to gain BP’ status, being the 800-pound gorilla in the forest.
• For both sides, BPs and voters high competence will be the key but tricky task. A voter (anyone who owns tokens) can stake his favorites, a BP or thirty of them at once, and as many times as one wishes but remember that tokens are frozen for three day time period each time one restakes. The more tokens you have the more influence you make on voting process and BPs selection.
• Voting is fixed but considered as an endless process. Vote possesses 2 years’ validation period and 15% loss in value within 90 days after staking for BPs but is free for voters.
Attic lab urges every eos-member stay conscious and lend his voice for BPs as voting matters. To be on the safe side, we do recommend to use our offline voting tool to make a process more comfortable.
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