RE: Saturday Savers Club with @susie-saver | Week 48 - Saturday 26 November 2022 | EDSMM Giveaway | Win EDS for Comments - everyone welcome
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Congratulations to the winners. The truth is that the issue of witnesses is something that I do not understand very well. I think I vote some but very few. I have to investigate it more because I don't understand what I win, what they win and what the chain in general wins. Other things I don't understand are the proposals. How long does it take to get it approved? I also don't understand account creation tokens. How much RC is needed? It is consumed and you lose it? Where does the token go? The truth is that there are many things in Hive that confuse me.
Here is my post for the week. Follow my commitment to the HP and I will participate in the last ignition of the year to give a push.
https://ecency.com/hive-173575/@tokutaro22/2022-saturday-saver-s-club-dd4ad4f7caf7f
I think a lot of things are quite confusing 🙂
Very simply, the witnesses ensure the blockchain works properly. The top twenty witnesses - the ones who have the most Hive Power voting for them - decide changes to the blockchain, like hard forks (it is more complicated than that, but that is the simple explanation).
But there are many, many other witnesses who all help to keep the blockchain secure and working properly.
Proposals are approved when there is a certain threshold of Hive Power voting for it. That is why we sometimes get prompts in the comments asking us to vote for this or that proposal.
When you want to claim an account creation token, it will tell you how many you can claim for the amount of RC you have available. When you claim a token it is available in your wallet, and the RC will slowly rebuild.
Hope that helps 😍.
Here's to the last few weeks of this year and our goals! 😍
Yes, it has helped me to understand it a little more. Thank you very much for taking the time to answer.
😍