| json_metadata | "{"app":"musing/1.1","appTags":["steemit","vests","daily","life","india"],"appCategory":"steemit","appTitle":"What is the role of vests on steemit platform?","appBody":"<p>In steem blockchain, technically vest is what the blockchian recognize and steem power is used to designate this vest only. So you can say that vest is the technical denomination in the language of blockchain to recognize. In order to simplify it it is shown in the form of steem power in the user interface. Here vests are recognized as shares in steem blockchain. So steem blockchain recognizes steem as the native token of steem blockchain and vests as the shares.</p>\n<p>When ever you power down your steem power then in the transaction, it shows the reference as vest not steem power. So vest is what steem blockchain does recognize. Further if you have more vests, you have more shares, that means you have more influence in this community and you have more voting power as well. For vested stake holder there is also a reward from the reward pool. So the vests increase with the passage of time and you might have noticed your steem power growing everyday even without doing anything. But it is very small in amount, so unless you dont have more vest you may not even notice that. But it really grows over time.</p>\n<p>Further, from the community engagement point of view, vests role is paramount and it plays a pivotal role in a healthy and influential engagement. In initiating a delegation to another peer, it also requires to input the vests amount not steem power, so again the internal deign is based on vests and steem power is only a way to indicate vests in a simplified way. Simply put, the more vests you have, you will have more voting power, more influence, more rewards in proportion to your vest, you can achieve more productive engagement, you can get more number of followers as a result of more vests etc.</p>\n<p><br></p>","appDepth":2,"appParentPermlink":"pkw866thq","appParentAuthor":"pankajsharm","musingAppId":"aU2p3C3a8N","musingAppVersion":"1.1","musingPostType":"answer"}" |
|---|
hiveblocks