How can I be a witness and what is my responsibility?
Witnesses are elected by the SEER token holders. The voting weight of every coin holder is determined by the proportion of its holdings to the total system capacity. One applying to be a witness is required to provide a specific number of tokens as collateral. Witnesses are mainly responsible for processing transactions, signing on transactions, packing them into blocks for the purpose of transmitting them to other witnesses for confirmation and providing price feed service. A certain number of tokens are granted to witnesses on a monthly basis as the reward for processing transactions.The witnesses around the world should be taken into account as a key factor for decentralization of the blockchain system. They are required to be responsible for voters and properly process transactions. Every block generated by a witness will be officially recognized and accepted only when it has been confirmed by most of other witnesses. The tokens granted to witnesses are used for routine expenses arising from running servers and maintenance and rewarding them for being witnesses.