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;

  1. Nominate users to fill the role of all governance positions

  2. Election of the Executive Branch

  3. Ratification of the 1 entity 1 vote & Trust Your Network governance frameworks

  4. Initial Mining Auctions to elect the first cohort of miners who will secure the zero-fee settlement layer

  5. 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