How works Steem in reality?
How is Steem system working? All cryptocurrencies have some mechanism (blockchain protocol) to make decisions in the system, to register transactions and to distribute new cryptocurrencies. These systems can work based on different principles. Which one is the system used in the Steem blockchain?
- Proof of work
- Proof of stake
- Proof of brain
- Delegated proof of stake
- Delegated proof of brain
- A combination of delegated proof of stake and proof of brain
- Other (please, write a comment)
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Voted for Other (please, write a comment).
Not sure if anyone knows...:))
I think combined.
Steem distribution: 75 percent proof of brain (the rewards), 10 percent proof of stake (interests on Steem Power) and 15 percent rewards of the witnesses (not exactly delegated proof of stake but similar).
Maybe I didn't give enough options.
Voting system with the elected witnesses is clearly a delegated proof of stake method.
Voted for A combination of delegated proof of stake and proof of brain.
Voted for A combination of delegated proof of stake and proof of brain.
Voted for A combination of delegated proof of stake and proof of brain.
Voted for Proof of work.
I think combined.
Steem distribution: 75 percent proof of brain (the rewards), 10 percent proof of stake (interests on Steem Power) and 15 percent rewards of the witnesses (not exactly delegated proof of stake but similar).
Maybe I didn't give enough options.
Voting system with the elected witnesses is clearly a delegated proof of stake method.
Probably
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Voted for Proof of work.
I think combined.
Steem distribution: 75 percent proof of brain (the rewards), 10 percent proof of stake (interests on Steem Power) and 15 percent rewards of the witnesses (not exactly delegated proof of stake but similar).
Maybe I didn't give enough options.
Voting system with the elected witnesses is clearly a delegated proof of stake method.
Voted for Proof of work.
I think combined.
Steem distribution: 75 percent proof of brain (the rewards), 10 percent proof of stake (interests on Steem Power) and 15 percent rewards of the witnesses (not exactly delegated proof of stake but similar).
Maybe I didn't give enough options.
Voting system with the elected witnesses is clearly a delegated proof of stake method.
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STOPVoted for A combination of delegated proof of stake and proof of brain.
Steem distribution: 75 percent proof of brain (the rewards), 10 percent proof of stake (interests on Steem Power) and 15 percent rewards of the witnesses (not exactly delegated proof of stake but similar).
Maybe I didn't give enough options.
Voting system with the elected witnesses is clearly a delegated proof of stake method.