[Tech]Governance

In the ReapChain, changes have authorized by consensus of standing committee nodes which, operated at all times.

Persons running the standing committee nodes have selected through voting software provided by ReapChain and are authorized to change the underlying protocol or updating defective software.Such a person can even decide whether to approve Smart Contracts.

Votes make decisions on software changes of 11 nodes out of 15 nodes. Change the underlying protocol or update defective software is determined by votes of 21 nodes out of all standing and steering committee nodes.

In any event, where a person who operates the standing committee node refuses to make governance decisions, such person may get removed by voting of participants holding REAP coins.

A person operating a standing committee node can participate in decision makings related to the issuance of tokens and approval of token burning.

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