Hi there lovely steemians, I'm glad you made it back here. Today's article is going to be about steem witness. Each user on Steemit can vote in favor of 30 witnesses and just 5% of clients are actually doing it at the present time. The other 95% simply don't know about it! I was also one of the users who didn't know about steem witness, i can say I've seen it across my touring of the steem platform but I've never really given it much thought before.
I have since gone on to do research on what a steem witness entails, and might you want to realize what a Witness is, how to vote in favor of a Witness and why, since this is the most essential vote that you can do on the Steem blockchain and it costs you nothing, read through this post and go on to make your witness vote today!
I have seen a few remarks on some exceptionally striking steemians posts and others' from individuals who don't comprehend what a Witness is and how to vote in favor of them, so in this post I am will clarify what I've gone over basically.
What is a Steem Witness, How to Vote and Why You Should Vote?
In different blockchains like Bitcoin or Ethereum you have a procedure that is called mining and there is a system of a great many PCs utilized for that on the planet consuming a considerable measure of power.
Steem doesn't work that way and the Steem blockchain is controlled by just around 100 servers right now, which deliver an indistinguishable measure of exchanges from Bitcoin and Ethereum consolidated.
Source
The individual who run a Steem server is known as a "Witness."
What is a Steem witness?
This is the definition in the Steemit FAQ that you can read here.
If you decide not to click the link, here is
an explanation in a quoted block.
The Steem blockchain requires a set of people to create blocks and uses a consensus mechanism called delegated proof of stake, or DPOS. The community elects 'witnesses' to act as the network's block producers and governance body. There are 20 full-time witnesses, producing a block every 63-second round. A 21st position is shared by the backup witnesses, who are scheduled proportionally to the amount of stake-weighted community approval they have. Witnesses are compensated with Steem Power for each block they create.
A witness is what might as well be called a miner in another blockchain.
How is Steem not the same as Bitcoin?
Another great clarification from the Steemit FAQ that you can read here.
Here it is in quoted block
On a technical level, the two networks rely on the same model of a blockchain, but are built upon different technologies and codebase. Steem is based on a new state-of-the-art blockchain technology called Graphene, which uses "witnesses" instead of "miners" to produce blocks. The "delegated proof of stake" model of using witnesses instead of miners allows for greater efficiency in block production. With BTC, 100% of the new coins that are created are allocated to block producers (miners). With the Steem blockchain, only 10% of the new coins are paid to block producers (witnesses). The other 90% of new STEEM coins are awarded to content producers, curators, and Steem Power holders.
As should be obvious, just 10% of the new coins is apportioned to Witnesses, and the other 90% to YOU, creators and caretakers, and that is the reason it's essential to help them with your votes.
What does it take to be a witness?
Source
The most vital thing is the technical know how and a Witness needs the specialized information to oversee and refresh servers.
A witness needs to:
run a steady and solid witness hub on a server to abstain from missing squares.
run a seed hub to help circulate the squares (discretionary).
run a move down server for the witness hub (discretionary)
distribute the STEEM/USD value day by day.
The second thing is about the community.
A Witness needs to know how to showcase himself to the community with a specific end goal to get votes and a large portion of them will offer back to the Steem people group so it gives you a decent motivating force to vote in favor of them.
Offering back to the community can be utiliizing the Witness SP earned: utilizing can be in form of:
to delegate to others.
to support extends on Steem.
to upvote creators and keepers.
to advertise Steem to bring new clients.
Each Witness will have an alternate method to offer back to the network.
Finally, a Witness needs to pay for the server and it can be as much as $500 every month to run a proficient server, and a great deal of Witnesses do no procure enough to take care of this expense when beginning.
For what reason would it be a good idea for you to vote in favor of Witnesses?
Source
The main reason is that it doesn't cost you anything to vote in favor of a witness as it doesn't take your voting power away as it does when voting on posts or remarks.
Each client on Steemit can vote in favor of 30 witnesses and just 5% of clients are doing it at the present time. The other 95% simply don't think about it!
Your vote can be changed later in the event that you need and you can likewise set an intermediary to another client you trust to vote in favor of you.
Witnesses require your vote so they can climb the rankings and get more SteemPower back, which can pay for their server costs. Without them, there is no Steem blockchain and you don't win Rewards!
Voting can keep some fresher Witnesses to drop out on the grounds that they don't have enough cash to pay for the server, particularly when the estimation of Steem is low. We require however many Witnesses as would be prudent to keep running as back-ups for the Steem blockchain.
You can see the rundown of the main 100 observers here
That Being Said, How Can I Vote For A Witness?
Voting in favor of a Witness is one simple advance! Voting in favor of a Witness or a few Witnesses is simple, simply go to this page:
https://steemit.com/~witnesses
After you have done your examination and know who you need to vote in favor of, simply experience the rundown and give a vote as you would do while upvoting a post.
In the event that you don't see your most loved Witness in the rundown, utilize the given field and search the username, at that point vote.
(here, I've searched for and voted steemgigs)
You can vote in favor of a maximum of 30 Witnesses.
At long last, if you would prefer not to vote yourself or don't know who to vote in favor of, you can set up an intermediary for a client you trust who will vote in favor of you.
(setting proxy)
I trust that I clarified tastefully what a Witness is and why you should make your votes.
Go influence your first Witness to vote now:
https://steemit.com/~witnesses.
Worthy Note.
This post was made from my mobile android device because my laptop has been having problems, hence the screenshots made by phone. If you think I've done a good job, please upvote and go ahead to make your vote now. Do this to keep the steemit community going.
