I saw a post recently about witnesses and why every hive members should at least make a vote, I just click the link via peaks front end and looked for familiar names and clicked vote.
I do not completely understand their roles on hive or how it impacts us..
Surprised they even have projects That we should look out for...hmmm interesting
Looking forward to more comments that would give me proper understanding of the whole witness concept
Thanks @samostically For this weeks gist, came at the right time.
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.
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
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.
She voted for familiar names... Hehehehe.. at least you are better than most of us newbies, you took more steps than we did.
Hahaha.. so have you voted completely?
Hehehehe...still getting the propose understanding first...seems our hive lives are in the hands of these witnesses... Need to vote with caution now
In the simplest way to understand, witnesses keep hive running, without them and their servers, there will be no hive in a sense.