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:
Securing the zero-fee settlement layer by establishing a democratic governance with a separation of powers:
Providing BFT storage to other blockchains and apps
Features:
- Cloud miner-only rewards
- 10% Staking Budget
- Security for Ethereum archival nodes
Features:
- 2 STORE Markets
- Cloud miner-only rewards
- 20% Staking Budget
- Security for Ethereum archival nodes and Solana
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
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
Features:
- Unlimited markets
- Cloud miner rewards
- STORE miner rewards
- Storage miner rewards
- 51% Staking Budget
- Ratifying the decentralized democracy