And what do the vests mean? I keep seeing that on steemd, but I'm not sure what that actually translates to
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And what do the vests mean? I keep seeing that on steemd, but I'm not sure what that actually translates to
Steem Power basically doesn't exist, it is only a way of presenting Vests. Vests are the real unit of stakeholding behind the scenes. Every new block, the amount of Steem Power which a Vest represents increases very slightly.
Vests are also how we measure if you're a minnow, dolphin, orca or whale. Minnows are below 10 million Vests. Dolphins are above that and below 100 million Vests. Anyone with at least a billion Vests is a whale.
Thank you for that. And you mean anyone with 100M+ is a whale, or is there some secret level in between? x)
>100MV = Orca.
>1000MV = Whale
Oh my gosh, that's funny. Well thank you for explaining it all to me :)