BitShares 4.0. Voting system
vlad2323 last edited by
See on Youtube https://youtu.be/lAdv1Qg80jY
BitShares 4.0. Voting system.
BitShares is based on a delegated proof-of-stake system.
Delegates are elected by BitShares holders.
For newly registered accounts, the voting weight is zero, and the votes will only take effect after actively voting. After each active update of the vote, the voting weight is updated to 100%, and the voting weight is reduced by 12.5% on the 360th day, and then 12.5% of the total weight is decayed every 45 days, and the voting is completely invalid on the 675th day.
This addresses concerns with centralization that have plagued DPoS in the past. Potential forging delegates can run instances of the Bitshares Node and campaign for forging status by gathering vote weight from token holders.
You can buy BTS through the BitShares wallet or on any crypto exchange that supports BTS.