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01. What is Storecloud
02. Storecloud Technology
03. Storecloud Datacoins & Markets
04. Storecloud Governance
05. Storecloud First Governance
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
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Contents
Launch: Decentralized democracy (2021)
Phase 0: Cloud Miner - no rewards
Phase 1: BFT Cloud, 1 STORE Market
Phase 2: Ice Age Test Net (BFT Cloud, 2 STORE Markets) - 2022+
Phase 3: Decentralized Cloud (3 Markets + STORE Miners) - 2023+
Phase 4: Immutable Storage (5 Markets + Storage miners)
Phase 5: Unlimited Markets