EOS Is Coming, If Anyone Can Figure Out How to Vote

Publicado en by Coindesk | Publicado en

Still, there are a few videos and blog posts circulating about how the validator voting process will work.

The protocol uses so-called approval voting to designate validators, whereby each wallet can "Approve" up to 30 validators and those approvals will determine the 21 "Supernodes." Voting users don't have to pick all 30 but they also can't cast unused approvals to bolster their favorite validator.

Once a token is staked for a vote, that token stays staked for a minimum of three days.

"The whole point of the voting process is to have informed voters who have stake in the system," Syed Jafri, founder of EOS Cafe Calgary, a validator candidate, wrote CoinDesk in an email.

Another mechanism of the dPoS system is that a wallet's vote is weighted by the number of EOS tokens it has staked on the network, so in this way, people with more tokens can have more of a say.

If a user wants to stake 100 EOS tokens to vote on who he/she believes to be the best validators, how does he/she actually do that?

While there are several posts about the importance of voting and what kinds of issues users will be able to vote on, none tell users exactly how to vote.

One is "Enabling command-line voting, but most token holders do not have the technical skills to vote that way."

Plus, one of the biggest crypto exchanges, Bitfinex, which holds EOS on behalf of its users, took to Reddit to commit to building a tool that would allow its users to vote with their EOS. But the target date for that tool's release was May 16, and currently, there's been no tool launched or no update issued.

Some even wonder whether the blockchain will be launched after all since without adequate voter participation the blockchain will not go live.

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