Hi guys,
As promised , Today I will be explaning about Voting power and Vest in as simple as possible format.
Voting power
The most important part of steemit is voting power. It is based upon how much Steem Power is available in account as well as how much voting is done by that account. Steemit doen't know , how much upvote an account can do , so it extimates the voting power for user as votes per day.
As votig power decreases the payout is aldo decreased , which is calculated as :
NewPayout = (OldVotes + NewVotes)2
As the voting power decreases the payment degrades so , please plese vote carefully the top post only. Even though voting weight is same , voting power differs the reward. Voting power gradually increase by 10-20% per day.
If you have enough steem power , you may even control the voting power i.e how much reward you want to give to any post. So carefully invest your voting power
Vests
Vest is not new to any steemit users but , still there is great confusion on this topic. It is described as share in steem power which means to give secured right of present or future deployment which can be explained using INHERITANCE LAW. It is a percentage ownership which increase as power up is done and decrease during power done. It all depends on steem power and calculated as:
Thats all guys . In next post , I will be describing about other topics. So dont forget to follow me to know more about steemit in simple manner like steem token and ecosystem.