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RE: Witness Update (22.7331) - Pick a great Steem Frontend - Please vote Community Witnesses - SteemWallet Apps back.

in #allforsteem5 years ago (edited)

yeah the 30 for 1 rule is a problem and needs to be fixed. I did not referred to the current take over. Even before HF21/22 all the Witnesses or at least sufficient majority were elected by one entity which defeats the purpose of byzantine fault tolerance mechanisms. Our margin of safety in dPOS is a 2/3 + 1 based consensus.

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[https://arxiv.org/pdf/1904.07310.pdf]

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Apparently the rule is there to centralize blockchain governance. So ironic witnesses repeat decentralization like a mantra.

Interesting looking thesis. I shall read it!