Voting on EOS blockchain

The EOS blockchain is kept alive by nodes which are interconnected between each other, communicating with each other via peer to peer protocols. Some of these nodes are elected, via a voting process, by the token holders to be producer nodes. They produce blocks, validate them and reach consensus on what transactions are allowed in each block, their order, and what blocks are finalized and stored forever in the blockchain state. This way the governance, the mechanism by which collective decisions are made, of the blockchain is achieved through the 21 active block producers which are appointed by token holders' votes. It is the 21 active block producers which continuously advancing the blockchain by creating blocks, and securing them by validating them, and reaching consensus. Consensus is reached when 2/3+1 active block producers agree on validity of a block, that is all transactions contained in it and their order. The 21 producers is the default value however it can be configured to be higher or smaller to meet each business case requirements.

The 21 block producers are elected through the voting process. Each EOS token holder that wants to vote for one or up to 30 block producers must stake their tokens. The more tokens are stake the more voting power. The voting power of one account is proportional with the amount of tokens staked by that account versus the total amount of tokens staked by whole accounts that stake their tokens.