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RE: Steemit Newbies: Ask Me Anything (About Steemit) In The Next Hour, OPERATION HELP NOOBS

in #ama • 7 years ago

Hey thanks you for this initiative! I have a couple questions:

When witnesses want to change something, for example maximum block size, how do they do it? do they just talk it over and when they find an agreement they can just change it? What can the witnesses alter, and what can't they alter without a fork?

7 years ago in #ama by
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     7 years ago 

    We need witnesses, like @gtg, @jesta @pharesim @timcliff or others to answer this. I didn't think they could increase the block size without community consensus, but I don't know for sure. Let's see if they come to answer these questions. thanks.

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       7 years ago 

      from @gtg · 2 hours ago

      There are some witness parameters like a minimum account creation fee, a maximum block size, an annual percentage rate for SBD and a price feed.
      Sometimes we talk it over, sometimes we don't. We don't need an agreement here. In the end it is at sole discretion of a witness. Of course we don't need a fork as those parameters can be altered by witnesses by design. Effective value for the network is computed using median from values of witnesses that generated blocks.
      What we can't alter is anything that is a part of the consensus, for example, we can't change the algorithm being used in computing curation rewards that we agreed on in the latest hard fork.

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         7 years ago 

        thanks a lot, both of you!

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