me rocking my EOS Polo!
It was really awesome at the first Lagos EOS Meetup in Lagos, Nigeria
we got speakers in the likes of @emmexdee, @tojukaka, @ogochukwu, @samstickkz, @akintunde
curled from @gloeze are some of the things learnt from the meetup
DPOS means Delegated Proof of Stake
In proof of stake, all that is requires to validate a block is to own a stake in the platform. The more stakes, the more you can mine. The Delegated proof of stake is the method used to decentralise applications like steem, bitshares and EOS. A Block producer is elected with our delegated stakes. It is faster, no fees, there is healthy competition and so on.
EOS ecosystem ensures block producers compete for votes. They get paid for blocks produced and 21 block producers will compete by prducing valid network to be voted and host a copy of the blockchain.
It promotes decentralization
It brings power back to the community because a block producer can be voted out by the community.
There are incentives to be a good block producer.
The role of the block producer is to produce blocks, secure the network and add value to the network.
I really appreciate the whole idea EOS is bringing up and the empowerment that its going to bring to the community...
me with @gloeze and @adejoke16
me, @mosunomotunde and @endowedqueen
