On April 30, 2019, the IOST Foundation increased the minimum required votes to become an elected Servi Node on the IOST Blockchain.
According to IOST Head Of International Markets Ben Waters, the votes requirement was increased “to streamline the on-boarding of Servi Nodes, enable the stability and progressive scaling of the IOST network as well as ensuring profitability of Servi Nodes from block production rewards.”
The minimum required votes, which was formerly 2.1 million IOST votes, is now 8 million IOST votes.
The new development is only for new Servi Node Producers who are just now preparing to get on board. Already producing Servi Nodes below the new threshold (8 million) will not be affected as they will retain their position as Servi Nodes on the IOST Blockchain.
Also: this increase is applicable only to Servi Node Producers since Partner Nodes are not affected by the new vote threshold.
Read the full details here.Share on facebook Share on telegram Share on twitter Share on linkedin
- IOST Blockchain July 1 Update June 29, 2020
- IOST Watch – Weekly IOST Digest #57 June 22, 2020
- IOST Blockchain rank top 4 in latest CCID Research Institute ranking June 18, 2020
- IOST Watch – Weekly IOST Digest #56 June 15, 2020
- IOST Watch – Weekly IOST Digest #55 June 8, 2020
There has been a lot of questions by new community members on what is happening on July 1 on IOST Blockchain… https://t.co/aInu0vGR4SFollow
A recent ranking by CCID Research Institute ranked IOST as the 4th best Blockchain from a technical perspective. He… https://t.co/GIiX5KbqQAFollow
Good News 😄 Remember IOST Global Alliance made some suggestions weeks ago? One of those issues got solved today.… https://t.co/6TZcwXjeaxFollow