Voting on EOS
Each staked token can vote for up to 30 different Block Producers. Each staked token will count as 1 vote for every chosen candidate. For example, if you vote for 30 Block Producers with 100 staked tokens, each Block Producer will receive 100 votes. Voting is ongoing and elections happen every 126 seconds. Read this article for a better understanding of the approval voting mechanism by Thomas Cox.
Although voters do not have to vote for a full 30 candidates we encourage voters to exercise the full 30 votes. Please do your research on the candidates thoroughly and consider global diversity. A good place to start your research is https://glass.cypherglass.com/map/main/top50
It is important to note that your vote will decay over time and it is important for the network that you continually recast your vote. Your vote will start to decay after one week, roughly losing its strength at 1% per week until there is no vote weight left (2 years). We recommend casting your vote every month as good practice.
How to Vote
- Head to http://eostoolkit.io/vote/producers
- Attach Identity with Scatter (see Scatter tutorial)
- Ensure that you have your tokens staked for CPU and NET (See Staking Tutorial)
- Select up to 30 Block Producers
- Finally hit the Vote button
We hope you have learnt something today or found the solution you have been looking for. GenerEOS & Blockgenic, strive to ensure that we bring you the most credible, up-to-date and user-friendly information within the EOS Network. If this guide was helpful, please consider voting for aus1genereos & blockgenicbp so that we can continue to keep adding value for the community.