Block.One wants to add voting procedures for the EOS community. It believes that voting for Block Producer is vital for Delegated-Proof-of-Stake platforms like EOS.
Voting with the community aligns the interest of token holders with operators on the network and secures the system. The leading developer company of EOSIO published details about its plans for voting, and the final steps will happen soon.
Voting as a Way to Secure Network
Many organizations are currently active within the EOS public network. Lots of them are candidates for block production.
The consistency and smoothness of the EOS network indicate the presence of many active organizations. Besides, there are numerous open-source developer and user tools in the system that are made by those organizations.
All these facts show that there should be reliable voting criteria to choose between many candidates for block production. Block.One will vote for candidates rotationally, and there will be no cap for the number of proposed candidates in each round.
“We will initially vote with 10 million EOS tokens, which may increase over time at our discretion,” according to Block.One.
Those users who want to participate in voting procedures should meet some requirements, as mentioned by Block.One:
- The general location of the node has been disclosed publicly through the BP JSON file.
- Independently operating an API or P2P node that is publicly queryable.
- The API or P2P node is running EOSIO v2.0 or greater.
All block producer candidates should send Block.One a summary of their previous contributions to the EOS network with information to qualify for the above requirements by 11:59 UTC 22 May. 2020. The company has the right to adjust voting criteria or vote recipients for any reason without notice. The act that somehow looks controversial to some EOS community members. Besides, Block.One said that recent announcements and details should not be considered as agreement.
Block.One believes in the evolvement of EOS network and voting procedures and promises future changes in criteria, rules, and other specifications of voting with the community. It said in the announcement:
“As we engage with community members, our voting approach will evolve, and criteria will be added to ensure that the recipients of our votes adhere to the standards we wish to see network-wide, so that we may ultimately contribute to smooth and successful network operations far into the future.”
If you found this article interesting, here you can find more EOS News