3. BIZA Block Producer Voting Guide

Block Producer Rewards

BIZA will have 21 active Block Producers and around 150–175 standby Block Producers. Active Block Producers earn a 0.25% reward per block they produce, and all Block Producers earn a 0.75% reward based on the number of votes they receive.

Voting Mechanics

Each staked BIZA token can be used to vote for up to 30 Block Producer candidates, with each token providing one vote per candidate. Votes are weighted based on the total number of staked tokens, and the 21 candidates with the most votes will become the active Block Producers. Voting is continuous, with results recalculated approximately every two minutes, and tokens are locked for three days after being unstaked.

Voting Process

Voting for BPs can be done via a command line interface or community-developed websites. Users should ensure they use their Active key for voting to secure their funds.

Block Reward Policy

BIZA prohibits Block Producers from engaging in financial relationships with token holders in exchange for votes. This is enforced through the network’s constitution, and a whistleblower process is planned to ensure compliance with this policy.