Voting

In Consensus PoS, users can directly vote or give their voting rights to another entity to vote on their behalf. The selected witness is responsible for creating blocks by verifying transactions. If they verify and sign all transactions in a block, they receive a reward, usually shared among those who voted for the witness. If a witness fails to verify all transactions within the given time, the block is missed, all transactions remain unverified, and no reward is distributed to that witness. The reward is added to the reward of the next witness that verifies that block. The next witness collects such transactions, and such a block is called stolen. The number of votes is proportional to the share size of each voter. Users do not need to have a large amount of money to participate in the top witness group. Votes from users with large stakes may instead result in users with relatively small stakes being elevated to the top tier of witnesses. N block producers are elected from the pool of witness candidates. The k(th) block producer signs the k(th) block until k = N. A block is complete when it is voted on by (2/3 + 1) block producers. In the case of two strings, the longest chain rule is followed. Added block cannot be reversed. A round in the PoS blockchain with N producers/witnesses in the loop order is as follows: A witness is controlled by the threat of loss of income, stake lock, and reputation score. Witnesses must lock a specific portion of their shares from being seized if they act maliciously or attempt to attack the blockchain.