RE: LeoThread 2024-11-06 13:57
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Hive is delegated proof of stake. A witness is essentially the same thing as a validator node in the Cosmos ecosystem. Not like Masternodes where you can just stake the required amount and run your node, you have to be like a politician of sorts and campaign for votes. Hate to say it, but it's really not a true decentralized system in that way because there are only 20 full time block producers and then 1 of the reserve witnesses (below the 20th position) are rotated for that 21st signature for a block. Most of the top 20 are the old school STEEM cartel guys which are the 'whales' of the chain, and all vote for each other with their massive stakes. To quote the great George Carlin, 'It's a big club, and we aren't in it'.