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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. 1.
    Nominate users to fill the role of all governance positions
  2. 2.
    Election of the Executive Branch
  3. 3.
    Ratification of the 1 entity 1 vote & Trust Your Network governance frameworks
  4. 4.
    Initial Mining Auctions to elect the first cohort of miners who will secure the zero-fee settlement layer
  5. 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
Last modified 2mo ago