How does STORE launch?
STORE begins as a high-scale, zero-fee settlement layer with a ratified governance.
This will happen “one mainnet at a time” where the protocol will be upgraded into a decentralized cloud where data is transformed into a new digital money called datacoins.
At a high-level, the steps involved prior to arriving at the first mainnet (Ice Age Test Net), are as follows;
Nominate users to fill the role of all governance positions
Election of the Executive Branch
Ratification of the 1 entity 1 vote & Trust Your Network governance frameworks
Initial Mining Auctions to elect the first cohort of miners who will secure the zero-fee settlement layer
Miners then vote on First Treasury as part of the “First Governance” proposal of STORE
Once the above steps are complete the mainnets then roll-out in the following order:
Launch: Decentralized democracy (2021)
Securing the zero-fee settlement layer by establishing a democratic governance with a separation of powers:
Phase 0: Cloud Miner - no rewards
Providing BFT storage to other blockchains and apps
Phase 1: BFT Cloud, 1 STORE Market
Features:
Cloud miner-only rewards
10% Staking Budget
Security for Ethereum archival nodes
Phase 2: Ice Age Test Net (BFT Cloud, 2 STORE Markets) - 2022+
Features:
2 STORE Markets
Cloud miner-only rewards
20% Staking Budget
Security for Ethereum archival nodes and Solana
Phase 3: Decentralized Cloud (3 Markets + STORE Miners) - 2023+
A zero-fee cloud computing network will flourish where decentralized apps can be hosted and developed.
Features:
3 STORE Markets
Cloud miner rewards
STORE miner rewards
30% Staking Budget
Transaction validation of the STORE high-throughput, zero-fee settlement layer
Phase 4: Immutable Storage (5 Markets + Storage miners)
Features:
5 Markets
Cloud miner rewards
STORE miner rewards
Storage miner rewards
41% Staking Budget
Off-line byzantine-fault-tolerant storage of real-world assets
Phase 5: Unlimited Markets
Features:
Unlimited markets
Cloud miner rewards
STORE miner rewards
Storage miner rewards
51% Staking Budget
Ratifying the decentralized democracy
Last updated
