Most people confuse Steem witness with Steemit witness. If you are one of them, it’s time to get your information right. A Steem witness refers to someone who runs a witness server to create blocks, which provides price feed to the network. On the other hand, Steemit is a blockchain-based social media and blogging website.
Also, there is a difference between how blockchain and Steem work. When it comes to blockchain technologies like Ethereum and Bitcoin, they undergo mining to produce blocks. The process requires millions of computers and ultimately the consumption of a lot of electricity. But this is not the case with Steem. It requires a significantly low number of computers at a time and results in an equal amount of transactions as Bitcoin mining.
I know many of reading this would be thinking of becoming a Steem witness. But it is not as easy as it seems.
How to become a Steem witness?
First of all, you need to be specialized in the tech stack used for Steem development. And it takes Steem witness setup, which comes in a little expensive. You have to invest a lot of money to own a server. Besides this, you must have the skills and capabilities to promote yourself on the Blockchain. The Steem users community is responsible for voting the witnesses.
Why voting for a witness is essential?
It is the most searched question online. Well, the answer is if you are a Steem user, then you must vote witness. It is because every vote counts. If you do not vote for them, there will be no witness, which means you get no rewards.
Witnesses are the backbone of Steem blockchain. They are the one who approve all transactions and other activities occurring inside the network. Being a Steem expert, you can cast 30 votes, so make sure you use them wisely to support the right witness.
If you want to know more about Steem witness voting and learn about the seed node setup, get in touch with experts at Steem Experts.
Summary - Voting improves witness ranking on the network while giving you a stake in return, which you can use to do something else in the Steem blockchain. To know more about Steem witness and voting, here is a must-read article.
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