You are viewing a single comment's thread from:

RE: What do you know about steem Witness?

in Steem4Nigerialast year

Nice post bro, it is important to mention that if you use your witness votes there will be a more secured blockchain by the community.

Let’s suppose in the whole blockchain there is 3 millions SP and a witness has 1 Million approving him. He is having 33.3% of the approbation, but what happens if a whale with 1.5 Million votes for a bad witness? The whale can move up a bad user giving 50% and controlling the blockchain. So while more people use their witness votes they will be protecting the whole chain by giving more stronger position to trusted witnesses. Witnesses protect the integrity of the information but community protect the whole system here😎

Sort:  

This is very right!
But another point are the votes for nonactive witnesses. These votes are lost. Have you seen how many "witnesses" are in the top 100 and haven't produced a block in a very long time? There are quite a few.
Users should therefore regularly check their votes and see if the witnesses still maintain an active infrastructure.

 last year 

Another good point! thank you for mentioning this as well. It is very important to give consideration to this point.

 last year 

Thank you for this useful additional Information. This will create more enlightenment for users who really want to know more about Steem witness.

Coin Marketplace

STEEM 0.19
TRX 0.13
JST 0.030
BTC 62622.21
ETH 3446.17
USDT 1.00
SBD 2.50