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Blog: EOS Block Producer Tips & News

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Q&A - Some Finer Details Around Voting On EOS

June 18, 2018 / by Alexandre Bourget

Alexandre touches upon how many votes you have, how your vote is weighted, and how its strength decays over time. Every EOS token holder should make sure they understand these things so that their voice can be heard on the EOS blockchain. Still have questions? Join us on Telegram: https://t.me/EOSCanada


 Transcription:

So how many votes do I get? Some people are asking that. Let me explain the general concept here.

In democracy; one person, one vote. On EOS; one EOS, one vote. So if you have 100 EOS, then your voting power is 100. And you can apply that voting power to 1- up to- 30 producers. If you have a vote you're applying on 5, well your weight of 100, 100, 100, 100, 100 has that effect to boost 100 on all of those account. If you vote for only 1, then only 1 person has that voting weight 100 from you.

Then there's also half life. If you vote today your weight is going to be 100. And if you don't vote for a full year, then the weight at that point will be only half of it. The vote goes on a little curve and half life's after one year. So that means from time to time, if you want your vote to still have its full weight, you'll want to come and recast your vote. If you see how things have changed and follow up on your your favorite block producers.

I said if you have 100 EOS, you vote with 100. But the reality is only that part of your EOS that have been staked. If you stake them for CPU and bandwidth, the sum of those two things will make your voting power. So let's say you own 200 EOS, but you stake 50 here and 50 there, then your voting power is 100. Because you have two possibilities for staking.

There's another option, also, is that you can vote for a proxy. Your total stake there can be voted towards a proxy. It means you won't cast the votes. But you're saying that person will have my weight also to cast their votes. So if they vote for 5, they'll have their own voting power plus yours and plus anyone else that delegated their votes to that proxy voter.

So I hope this answers your question.

Topics: Video, EOS Launch, EOS Vote, EOS.IO blockchain, One Mainnet, Education

Alexandre Bourget

Written by Alexandre Bourget

Alexandre lives through technology. He wrote his first botnet at 12, later graduated in classical piano and went on to a prolific career in software engineering, with notable open source contributions. Alexandre co-founded two startups, including Bitcredits (a bitcoin payments processor, FounderFuel 2014 Spring Cohort). He then helped PasswordBox (acquired by Intel) craft their data stack and ended up as a lead Data Scientist in the Intel Security Consumer division. Today, Alexandre is very active in the blockchain space, advising several early stage companies. Alexandre taught programming for many years. He does live-coding presentations like no one else (Confoo, PyCon conferences) and is the lead organizer of Golang Montréal. You’ll often find him on Telegram, working through lines of code and bugs with others, doing what he can to help build the EOS community.

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