EOS Canada has taken the lead in writing the code that drives the referendum system that is being proposed for the EOS mainnet. As such, we wanted to put out a post to highlight how we got here and what has been done.
It cannot be stressed enough how important your vote is on the EOS blockchain. But an often misunderstood part of voting is the relative decay in strength of a vote over time. To help prevent Block Producer votes from getting out-of-date and stale, a user’s vote will lose its relative strength over time.
A hot topic issue that has been getting a lot of attention in the EOS ecosystem is exchanges voting for Block Producers, and the very hypothetical case that a malicious exchange could use their users’ tokens without their consent. At EOS Canada, we wanted to give some insight into this topic.
Alexandre walks through the terms staked and unstaked EOS tokens that you may have heard. When the EOS mainnet was launched, all accounts began with tokens in three different states: 'free floating,' 'staked for CPU,' and 'staked for Bandwidth.'
Alexandre Bourget of EOS Canada reviews in 55 seconds how votes are counted on the EOS blockchain.
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
Alexandre briefly describes `eosc` as well as where to download it from, and what it can do for you.
"Secure and simple voting" is how Alexandre describes the `eosc` tool. It can securely store your private keys, as well as send your Block Producer vote out to the EOS blockchain. Follow along as Alexandre walks us through these two important features.