Witnesses run nodes which make up hive's server. Then when they notice an area that needs improvement, or they have an idea, they bring forth proposals. If a proposal has a certain amount of votes the funds to implement the proposal are released from the decentralized hive fund.
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The funds part, that's the one I always thought about. Only, I used to think they use the funds as some of sort of payment to work on the projects.
I mean the way angel investors or venture capitalist put their money into startups that shows potentials.
I think they also get some hive from there too.
For their personal use or?
They get some for running the node, and some to implement proposals.
It's okay. Thanks for explaining. 💞💞
Now I get
You're welcome
Funny enough as I was writing this, a witness just asked me to vote for his proposal. I checked his page and read his proposal here.
This is not a guide, but it gives a little idea of what witnesses do.
Is the witness name howo? Cos I saw his message on my wallet right before I got the notification for this post.
I was scrolling through his blog when I got the notification here.
Yes he is. Probably used this post as an opportunity to asked people to check out his proposal
Uhmm.... I don't understand the last part, b0s 🥺
Slow down.biko.. Whats nodes..i have been seeing this works everywhere
Oh, how do I explain it now. Let me just say where the block chain data is stored.
You have a great understanding.
Thank you.