//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+