Some blockchains work on the principle of proof of stake while some work on proof of work. For example Bitcoin works on proof of works which requires to solve a complex puzzle in order to generate a block. On the other hand in proof of stake networks, who owns the maximum stake had a chance to generate a block. Both have merits and demerits.
In Hive blockchain there is a different method. It is based on witness system. Witnesses are the block generates and approvers. They are selected by the community. One account can select maximum 30 witnesses. People who owns the maximum stake, had more weighted value of their votes. So, it is also a proof of stake system in a different way.
I had selected 30 witnesses out of which some became inactive. So, I removed inactive witnesses and chose a few others. However, I have some witness votes still remains. I wish to vote those who are working for the betterment of hive and also could help me in any way. Those who with, may contact me through their comment below.
