The MetaCert Protocol Technical Paper: Decentralized Technical Governance
This section covers governance for the Protocol.
Contents
Clicking on each heading will take you that section’s medium post.
1. Index
2. Introduction
6. Decentralized Technical Governance
Decentralized Technical Governance
The Protocol needs to be governed in a way that there are no central points of failure or control and various stakeholders can have representation in the Protocol development and direction.
The Protocol will undergo periodic hard forks to upgrade core functionality and to add or update Protocol operations.
Not all software updates are consensus breaking and therefore don’t require a hard fork. Upgrades that do need a hard fork, however, are harder to deploy and require (a) community agreement over Protocol changes, and (b) software updates across all deployed Nodes.
The Nodes that don’t upgrade will be disconnected from the main network and end up on a forked network. If the community has a disagreement over protocol changes, this usually leads to a fork into separate networks. Currently, the Protocol does not have an algorithmic metric for community consensus and Protocol changes but we will work towards establishing one through discussion with the whole community before they are activated.
The Protocol will introduce an algorithmic metric for community consensus based on the economic distribution of the Token. Token owners can sign messages from their respective owner addresses to participate in a voting mechanism. Different proposed Protocol changes can have different thresholds for activation.
Contents
Clicking on each heading will take you that section’s medium post.
1. Index
2. Introduction
6. Decentralized Technical Governance
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