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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.
    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
Last modified 6mo ago