STORE Governance Basics
How does STORE’s system of governance work?
STORE is pioneering a decentralized republic in which each miner on the network is given a single vote. Here is an overview of the Blockchain Governance Family Tree:
What are the features of STORE governance?
One entity, one vote (as confirmed by Trust Your Network) - irrespective of the size of a miner’s token ownership.
Trust Your Network - 2/3 of voters need to reach consensus on decisions
Separation of powers - formal and enforceable roles that prevent gridlock when miner, developer and holder interests diverge. These roles are as follows;
Security Branch - keeps network safe
Judicial Branch - makes monetary policy & leadership recommendations
Miners across specific Markets - vote on changes
Executive Branch - carries out changes
What is protocol-level governance and how does it coordinate First Treasury?
A 2/3 fault tolerant decentralized democracy of checks and balances with a separation of powers will govern the rules of the STORE zero-fee settlement layer and the $STORE asset:
What branches form STORE protocol-level governance?
Four separate branches form the protocol-level governance and they will be located in four separate countries around the world. Each branch is erected with 2/3 fault tolerance:
What is Market-level governance and how does it fit in with protocol-level governance?
Protocol-level governance flows down to Market-level governance along with the 5% block reward.
Miners in Markets reach consensus with trust-your-network, or once a 2/3 super majority is reached on either a shared fact or an actionable vote:
How do STORE’s governance features compare to that of other blockchains?
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