BitShares Forum
Main => General Discussion => Topic started by: BitSharesThesis on May 29, 2017, 05:43:41 pm
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Hi everyone,
I'm a student from the Netherlands and I'm currently writing my thesis about a.o. blockchains and BitShares.
I'm a bit confused at the moment. Are Delegates and Committee Members the same?
I know the top 101 Delegates verify the blocks. And I've read that Committee Members govern the blockchain and can change parameters such as block size, confirmation time and others.
Could someone please clarify this to me?
I would really appreciate your help! Thanks in advance
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There are no longer 101 set "delegates" like in BitShares 0.x where they produced blocks AND made fee changes etc... BitShares 2.0 brought in a new method of Delegated Proof Of Stake based on graphene technology.
At a high level:
Witnesses: Produce the blocks and provide price feeds. The number of witnesses is determined by share holders, not a number set in stone.
Committee members: Set the fees, can make changes based on voting approval.
Workers: Work and get paid by the blockchain. Users can submit work requests where they add features, fix issues, build upon the blockchain. These are voted in by share holders.
Some links to keep reading about BitShares 2.0
White paper
http://docs.bitshares.eu/_downloads/bitshares-general.pdf
DPOS overview
https://bitshares.org/technology/delegated-proof-of-stake-consensus/
Block explorer
http://cryptofresh.com/
http://cryptofresh.com/witnesses
http://cryptofresh.com/workers
The above is just the tip of the iceberg when it comes to what BitShares is or can be used for.
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Hi @BitSharesThesis please check my latest infographics, may help a bit too.
https://goo.gl/RhvCjD
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Thank you so much to both! This was really helpful :)