EOS Authority has revealed that nearly 4.5% of total votes that amounts to more than 150 million ballots are destroyed by UK based EOS block producers. Earlier in June when EOS was released, 21 block producers voted for being network administrative part. The block producers to a great extent are accountable to run the EOS blockchain.
The duration of stay of the block producers depends completely on the votes given by the community, which determine whether the block producers will be in or out. Also, EOS allows citizens to have re-assertion of their ballot each week for optimally preserving ballot influence.
The power of voting gets decayed for those customers who do not have their ballots approximately each day. The ballot decay device gives the users a scope to re-evaluate their votes instead of leaving the votes, unconsidered. Ballot influence will certainly damage after a week, and can basically vanish during 2 years, unless users recast their votes. It is recommended to modify ballots as soon as a week, which will promptly revive the ballot’s influence.
The system ensures the efficiency of the block producers and that they do not seem to go out of track. This paves the way for an honest and unanimous voting for running the network. The ballot works by acquiring specific number of ballots depending on the number of symbols laid. It is interesting to note that the symbols which are unstaked are complimentary for trading or moving.
Each individual can cast their vote for a maximum limit of 30 block manufacturers. The influence of the ballot remains unaffected and undivided among block manufacturers that a particular individual has already elected. To put it simply, if one has laid 40 symbols and also elected 20 block manufacturers then every one will get in total 40 favourable votes. The ballot process for the block producers does not seem to end, provided anyone of them can get elected on the basis of their performance and the amount of ballots they obtain.