I understand it is just a name. an apt name. they perform similar functions. I don't know the witnesses work on Steem but I presume they are hard-coded, but then why would everyone be constantly asking for witness votes? There has to be some value or power in that.
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The higher you go in upvotes andthe SP those voters have, the more you get to process blocks. So you get STEEM for being a witness, more when your higher in the list. The top 19 can block changes int he code.
Thanks boss, I really had no idea how the witness process really worked, all I keep seeing is ppl begging for witness votes in the bottom of their posts.
I knew there had to be something to it.
Ah, I see. I put one now and then, I'm also a Steem witness ;)