Witnesses are elected by the Steem community through a voting process, and the top 20 witnesses are chosen to produce blocks and validate transactions. Witnesses are compensated for their work through the distribution of new Steem tokens and transaction fees.
It is important for the Steem network to have a diverse and decentralized group of Witnesses, as this helps to ensure the security and stability of the blockchain. Witnesses play a crucial role in the operation of the Steem network and are an integral part of the Steem community.
- Running a full Steem node, which is a software that allows you to participate in the network and validate transactions.
- Maintaining your node and ensuring that it is always online and responsive.
- Participating in the decentralized governance of the Steem network by voting on important proposals and issues.
- Collaborating with other witnesses to maintain the security and stability of the network.
| role and founction of steem witness in blockchain |
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Validating transactions: Witnesses are responsible for validating transactions and adding them to the blockchain. They do this by running a full node, which is a copy of the Steem blockchain that is kept up to date by regularly downloading new blocks from other nodes.
Maintaining network security: Witnesses are incentivized to ensure the security of the Steem network by verifying that the transactions they validate are valid and not fraudulent.
Producing blocks: Witnesses are also responsible for producing blocks, which are collections of validated transactions that are added to the blockchain. They do this by participating in a process called block production, which involves solving a complex mathematical problem.
Governing the network: Witnesses have a say in the governance of the Steem network, as they have the ability to vote on changes to the platform's protocol and participate in community decision-making processes.
Providing infrastructure: Witnesses provide important infrastructure for the Steem network by maintaining servers and other hardware that support the operation of the platform.
| Why do we need to choose Witness |
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In a proof-of-work (PoW) blockchain, witnesses are called miners and they perform a similar role. They use their computing power to solve complex mathematical problems and create new blocks, which they are then rewarded for with a share of the transaction fees and newly minted coins.
Choosing witnesses is important because they play a central role in the security and integrity of the blockchain. In order to maintain the trust of users and ensure the security of the network, it is important to choose witnesses who are reliable, trustworthy, and have the necessary resources to perform their duties effectively. This typically involves evaluating their track record, reputation, and technical expertise, as well as their commitment to the long-term success of the blockchain.
| Important to elect steem witness carefully |
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When electing witnesses, it is important to consider their level of experience, their technical expertise, and their commitment to the Steem community. You should also consider their track record, as well as any past contributions they have made to the Steem network.
It is also a good idea to diversify your witness votes to ensure that the network is not overly reliant on any one witness. This can help to reduce the risk of centralization and ensure that the network remains decentralized and resilient.
Overall, it is important to carefully consider your witness votes and make sure that you are electing witnesses who will act in the best interests of the Steem network and its users.
| My favourite steem witness |
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In addition to their technical expertise, @steemchiller is also highly active in the Steem community, regularly participating in discussions and contributing valuable insights and perspectives. They are known for their open and transparent communication style, and are always willing to listen to and address the concerns of others.
Overall, @steemchiller is a valuable member of the Steem community and an excellent choice for a witness. Their dedication to the platform and its users is unwavering, and I am confident that they will continue to be a valuable asset to the Steem blockchain for years to come.
CC @anroja @radjasalman @irawandedy @alee75 @fantvwiki @klen.civil @waterjoe @harferri
Sincerely
Steem Marketing Team
A very good presentation from you about the role of the witness for this platform. We should vote witness for secure this platform and our id from outside attack and also run it without disturbing. Thanks for share and best of luck brother. 🥰
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Thank you for your kind words! I'm glad that you found my presentation helpful. As a witness, it's important to ensure the security and stability of the platform, as well as to protect the identities of its users. By voting for witnesses, the community can help to support individuals and organizations who are committed to these goals. It's important to carefully consider the candidates and their track record before casting a vote, as the witnesses play a crucial role in the functioning of the platform. Thank you again for your support and I appreciate your encouragement.
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Team verification results :
Kind regards,
TIM STEEM INDONESIA
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Witness yang anda favoritkan merupakan witness no 1 dan sudah di ketahui bekerja dengan sangat baik. Cocok sekali anda mengunggulkan beliau.
Terimakasih atas ingormasi dan oenjelasan anda tentang witness yang mudah di fahami.
Salam sukses
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Terima kasih atas dukunganmu. Saya senang bahwa Anda menemukan informasi tentang witness yang saya bagikan mudah dipahami. Saya juga senang bahwa Anda merasa bahwa witness yang saya favoritkan bekerja dengan sangat baik. Kami akan terus bekerja keras untuk memberikan yang terbaik bagi jaringan dan komunitas. Semoga sukses juga untukmu. Salam!
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Amigo tu participación es bastante completa, veo que dominas el tema de los testigos y conoces su vital importancia en la plataforma.
Tu testigo favorito es uno de los mejores, su trayectoria y compromiso hablan por sí solos.
Éxitos en el concurso.
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Thank you for the kind words! I am happy to have learned about the important role of witnesses on the platform and am grateful for the opportunity to contribute. It is always a pleasure to support my favorite witness, who has consistently demonstrated a strong commitment to the community and a track record of excellence. I wish you the best of luck in the contest and look forward to continuing to learn and grow together on the platform.
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Wow, a very lovely and detailed article from you dear friend on the important of witnesses in the growth of steem.
By selecting a witness, you are contributing to the overall security of the Steem blockchain and helping to keep it secure for everyone.
Witnesses are elected by members of the Steem community and have the ability to influence the blockchain in various ways.
Thanks for sharing such a lovely post dear friend, and goodluck in this contest.
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Thank you for your kind words and for reading my article on the importance of witnesses in the growth of Steem. I'm glad that you found it informative and helpful.
As you mentioned, witnesses play a vital role in the security and stability of the Steem blockchain. By selecting a witness, you are casting your vote and supporting their work to maintain the network and make decisions on its future direction. As a member of the Steem community, it's important to carefully consider the candidates and choose those who align with your values and goals for the platform.
I appreciate your support and good luck in the contest as well. Thank you for your contribution to the Steem community.
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Your post has been supported by @astilem from team 2 of the Community Curation Program. We invite you to continue sharing quality content on the platform, and continue to enjoy support, and also a likely spot in our weekly top 7.
Voting date: 29/12/2022
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The role of witnesses are very broad and they work harder to provide us with better information about the price of Steem/USD, securing the blockchain, keep our data safe and many more. I enjoyed reading through your post. You have written well. Best of luck to you.
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