The EOS white paper stipulates that the block in the EOS.IO software will be produced by 21 producers which are called “Block Producers”. EOS architecture uses Delegated Proof of Stake (DPOS), which creates blocks through trusted accounts (also called “trustees”) that are selected by the community. The features of DPOS include short block production time, high efficiency, almost no chance of forking.
All the EOS token holders in the EOS minanet vote for 21 trusted accounts to make decisions for them and act as Block Producer. The top 21 Block Producer Candidates with the most votes will be selected as Block Producers.
The selected Block Producer will provide computing power and bandwidth support for EOS mainnet. Block Producer’s main task is to collect transaction information, package it into blocks, and broadcast the blocks to other Block Producers. After verification, the Block Producer will upload the blocks to the blockchain and be rewarded accordingly.
If any of the a top 21 Block Producers does not produce any blocks for 24 hours, they will be removed from the list of the Block Producers.
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July 18th, 2018