How often can we vote for witnesses? I know that we each have 30 votes, but how often does voting take place? And how long are the terms that the witnesses serve?
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How often can we vote for witnesses? I know that we each have 30 votes, but how often does voting take place? And how long are the terms that the witnesses serve?
It doesn't work like that. Think of your vote as a standing endorsement that can be added or removed at ANY time. There are no fixed terms although technically the Top 20 are scheduled every 1 minute, so maybe you could say it's a 1 minute term :)
Witnesses in the Top 20 (at any time) get regular blocks to mine and have a greater weight in policy matters, others outside the Top 20 get a lot less.