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RE: What the fuck do witnesses do?
I've seen many people work out their ass to reach the top 20 witness. I can't help it but wonder, what's that special thing that makes the top 20 so special that every witness hopes to be in that list?
0.00014424 BEE
Typically $
Does this mean that other witnesses who aren't in the first 20, don't make money? Or don't get any form of rewards?
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The more governance voting power that backs a witness (meaning HP of the people supporting them) the higher they rank, and the more frequently they are chosen to participate in block production. In each round of block production, 21 witnesses are scheduled: the top 20 voted witnesses and one selected from the remaining pool.
This gives the top 20 witnesses a special role, and their performance is critical for ensuring the reliability and security of Hive.
👍🏻 Thanks for explaining. These things Are for many „Normies“ Like myself Not that transparent. We produce content for Hive to thrive but don’t have a deep technical insight but that would be helpful. e.g. Witness votes in this case.
Thanks a lot for your explanation. It makes more sense now why many people are doing everything possible to be among the first 20.