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Parameters
owner_address
— hexadecimal address of the witness account updating the brokerage ratebrokerage
— new brokerage percentage (0-100) where lower values mean more rewards shared with voters
Response
visible
— boolean indicating whether addresses are in visible formattxID
— unique transaction ID for the brokerage update transactionraw_data
— raw transaction data containing:contract
— array with brokerage update contract detailsref_block_bytes
— reference block bytes for transaction validationref_block_hash
— hash of the reference blockexpiration
— transaction expiration timestamptimestamp
— transaction creation timestamp
raw_data_hex
— complete transaction data encoded in hexadecimal format
Use case
Thewallet/updatebrokerage
method is used for:
- Adjusting witness reward sharing policies to attract more voters.
- Setting competitive brokerage rates compared to other witnesses.
- Implementing dynamic reward sharing strategies based on market conditions.
- Managing witness economics to balance profitability and voter incentives.
Only registered witnesses can update their brokerage rate. The brokerage rate determines what percentage of block rewards the witness keeps (0-100%). A rate of 20% means the witness keeps 20% and shares 80% with voters. Changes may take effect after the next maintenance period.
Body
application/json