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RE: STELLABELLA STEEMFEST 2 CONTEST ENTRY POST : THIS IS HOW I AM CHANGING THE WORLD WITH MY VISION
Hey, I'm asking for a newbie from my AMA:
"When witnesses want to change something, for example maximum block size, how do they do it? do they just talk it over and when they find an agreement they can just change it? What can the witnesses alter, and what can't they alter without a fork?
There are some witness parameters like a minimum account creation fee, a maximum block size, an annual percentage rate for SBD and a price feed.
Sometimes we talk it over, sometimes we don't. We don't need an agreement here. In the end it is at sole discretion of a witness. Of course we don't need a fork as those parameters can be altered by witnesses by design. Effective value for the network is computed using median from values of witnesses that generated blocks.
What we can't alter is anything that is a part of the consensus, for example, we can't change the algorithm being used in computing curation rewards that we agreed on in the latest hard fork.
thanks for this answer! I had been wondering these same things.