This is an informal translation of the informal "Chinese translation of the article HF19 "Equality" Coming Soon: Linear Rewards!"
Hard fork 19 there will be a few hours to come, @steemitblog official blog published the article
I simply translated a bit, aimed at the Chinese district friends to provide more reference information, if there is a fallacy, please correct me.
Friends of Steemit Hello everybody:
We are pleased to announce that witnesses have reached a consensus on the hard fork 19, codenamed "Equality Equality". This upgrade to the Steem block chain protocol changed the way content creators were rewarded, regardless of the steem application they used, such as Steemit.com or Busy.org.
Linear Rewards
The code was released last week to witness the people since then began to upgrade. Up to now, TOP 20 witnesses are already running on version 0.19, but the changes described below will not take effect tomorrow morning (Tuesday, June 20th, 2017 at 15:00:00 UTC). Once these logical changes take effect, the user voting weights will be directly proportional to the total amount of STEEM POWER they hold, no matter what steem-based application they use. Some people call it "1 Steem Power, 1 vote". Since then, users with a large number of SPs will no longer have more (exponential) voting rights (ie, influence) than users who hold a small number of SPs. This will reduce the unfairness of the steem ecosystem while keeping the cumulative STEEM motive as well as suppressing sybil attacks.
What is Hard Bifurcation / What Are Hardforks?
For those who have just come into contact with Steem, hard bifurcation is an update to the block chain agreement. The Steem block chain has an innovative witness-based system, which allows for rapid improvements to the protocol relative to other block-chain protocols. For steem hard bifurcation, the TOP 20 witnesses that are required for the user's election are adopted / approved based on their assessment of the code as well as the risk that the block chain will not be compromised.
For most block chains, modifications like this would never happen, either cause a new block chain to coexist with an unmodified chain. Thanks to Steem's unique design, when steem users generally agree that the reward system needs to change this situation is clear, we can achieve this change together to make the Steem ecosystem more equitable, is the Steem block chain more valuable!
Improve the process
Two months ago we first started experimenting with a proposal process in which we were thinking about revising the community before updating the block chain. We have had a lot of useful discussions with the community, which has helped to guide our proposals and improve our consensus on the necessary changes.
Thank you
We would like to thank each of the friends who contributed to this discussion and helped to make the Steem block chain better. Including all the witnesses, not just TOP 20, they worked tirelessly to maintain the Steem block chain stability, security and sacred inviolability. Their communication, cooperation and diligence enabled us to carry out this change within our established time frame while meeting our high quality assurance standards.
Additional information / Additional Information
The following information is included in our previous article Pre-Release HF19: Linear Rewards! Included in this helps to make interested people familiar with the other changes that will happen
Guardian Rewards and Vote Impact
In this update, in addition to the linear award, there are two changes that will affect the community non-technical members:
Square root guard reward curve
- Increase the influence of voting
- Guardian Rewards / Curation Rewards
Changes to the monitoring reward curve will not have a significant impact on the care reward, just to prevent the linear reward curve to modify the guard reward to bring a huge substantive impact of the necessary changes.
Vote Impact
The change in the influence of the 100% vote is substantial. Once the hard fork 19 is completed, the 100% vote will have 4 times the energy. According to the current situation 100% vote only use your 0.5% of the remaining voting rights (voting right five days from 0 to full / regenerates fully over a 5 day period.) This means that the real user in the case of full energy need to vote every day 40 Tickets are using most of their energy. This makes it impossible for users with low activity to take full advantage of their voting rights. After this change, a single 100% vote will use you 2% of the remaining voting energy, which means 10 times a day full of energy to vote enough to make full use of your daily voting rights.
The user can continue to simply vote as they wish, because the vote only consumes the percentage of the remaining voting rights instead of all. Imagine that "the right to vote" is a pool that is constantly filled with rain, and every time you vote, it will scale from the pool (that is, not as you continue to take 500 gallons from the lake every time) to reduce the amount of rain (Voting rights). The next time you vote, you will remove another percentage from the already reduced supply.
This means that this still does not limit how many votes you can vote. The more you vote, the less you vote (the water in the pond).
In order to better understand how powerful your voting is and how to reduce the weight, simply to see how much of your full energy vote contributes to the content creator, and you should have an intuitive understanding of how the algorithm works.
You can read more release notes on github: https://github.com/steemit/steem/releases/tag/v0.19.0rc1
This week we will be more exciting announcement, please pay attention!
Translator added:
Finally in the hard fork 19 came less than an hour before the translation completed this article.
Translation is not satisfied, some words I understand the steem is Gansha used, but with the Chinese expression may be very hard to pronounce, and some may I understand is not thorough enough. I try to colloquial, easy to read and understand. English is good, it is recommended to see the original, so as not to be misled by me. Translation of the fallacy, please also a lot of corrections.
Hope to let everyone on the hard fork 19 and hard fork 19 to bring more changes to understand.
The most exciting is the hardcore 19 of this code: "Equality"
I wish the hard fork 19 to make the steem community more equitable and more promising.
In this way, thanks for reading
Welcome upvote, resteem and the following me @oflyhigh 😎
...find the original article
here
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