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Update witness_parameters.md
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syvb authored Jul 2, 2019
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# Witness Parameters

The role of a witness in the Steem Blockchain is verify incoming transactions, produce blocks when scheduled, and partake in the Steem governance model by voting on several parameters.
The role of a witness in the Steem Blockchain is to verify incoming transactions, produce blocks when scheduled, and partake in the Steem governance model by voting on several parameters.

These parameters control various aspects of the operation of the blockchain that are not easily defined in code at compile time. One example is the STEEM price feed that defines the conversion rate between STEEM and SBD.

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### maximum_block_size

The maximum size of a single block in bytes. The value must be not less than `65536`.
The maximum size of a single block in bytes. The value must be not less than `65536`. The value must not be than 2MB (2097152).

### sbd_interest_rate

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### new_signing_key

Sets the signing key for the witness required to validate produced blocks.
Sets the signing key for the witness, which is used to sign blocks.

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