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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?

  1. 1.
    One entity, one vote (as confirmed by Trust Your Network) - irrespective of the size of a miner’s token ownership.
  2. 2.
    Trust Your Network - 2/3 of voters need to reach consensus on decisions
  3. 3.
    Separation of powers - formal and enforceable roles that prevent gridlock when miner, developer and holder interests diverge. These roles are as follows;
    1. 1.
      Security Branch - keeps network safe
    2. 2.
      Judicial Branch - makes monetary policy & leadership recommendations
    3. 3.
      Miners across specific Markets - vote on changes
    4. 4.
      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?

Last modified 2mo ago