Meet Edgeware.

Dillon Chen
Nov 27, 2018 · 3 min read
Our web3 project announcement (video here)

The last year has seen an explosion in the number of blockchains and protocols being built by talented teams. Many of these projects have announced intentions to decentralize their governance and move it on-chain. In practice, however, only a few projects have true on-chain governance systems, instead opting for coin-voting and relatively plutocratic DPoS systems. Overall, a full set of standards around active governance has yet to emerge.

Moreover, more ink has been spilled on the topic of governance, than code written. Protocols are naturally reluctant to move to on-chain governance without a working example. Edgeware is purpose-built for experimentation with formal governance. By launching with a novel token distribution mechanism, we’re able to bootstrap “a test-net with incentives.” Network participants are able to vote, delegate, and fund each other to improve the network in a number of areas — scalability, governance, developer experience, and more. Other projects can learn and borrow from Edgeware’s functional governance processes.

The Next Steps for Edgeware

  • The identity system will allow users to mirror their Github handles to Edgeware. Everyone will have a persistent identity.
  • The proposal system will support discussing and voting on several types of resolutions, including signaling proposals (resolutions with no binding effect), funding proposals, and network upgrades.
  • The treasury system will accumulate tokens every time a new block is minted.

Supporting Governance Evolution

The goal is for Edgeware to be the foundation for experiments with many different governance systems in parallel. If a new voting scheme or participation model develops a successful track record, other DAOs can choose to adopt it.

Built on Substrate

Getting Involved

… participate in the lock drop. By locking ETH, you get EDG tokens which give you staking and voting rights on the new chain.

… participate in council and governance decisions. With stakeholders like core devs, dapp devs, end users, chain governance, and broader community stakeholders being represented by separate councils.

… develop the protocol using skills or interest that you may have. And for those efforts, be compensated with additional EDG token — representing future staking and voting rights.

You can read more on an overview of Edgeware on our site and our position paper. We appreciate any comments.

Commonwealth Labs

Builder of Commonwealth.im

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