• About Us
  • Privacy Policy
  • info@cryptonews24.co.uk
  • Friday, April 23, 2021
    CryptoNews24
    Advertisement
    • Crypto News
      • Bitcoin
      • Ethereum
      • Ripple
    • Crypto Games
    • Blockchain
    • Finance
    • Fintech
    • Regulation
    • Blog
    No Result
    View All Result
    • Crypto News
      • Bitcoin
      • Ethereum
      • Ripple
    • Crypto Games
    • Blockchain
    • Finance
    • Fintech
    • Regulation
    • Blog
    No Result
    View All Result
    CryptoNews24
    No Result
    View All Result

    A Proposal for Decentralizing Algorand Governance | by Info | GENERAL NEWS | Dec, 2020

    December 15, 2020
    in Blog
    Reading Time: 2min read
    A A
    A Proposal for Decentralizing Algorand Governance | by Info | GENERAL NEWS | Dec, 2020
    0
    SHARES
    1.1k
    VIEWS
    ShareShareShareShareShare

    STATUS QUO

    Currently, in Algorand, every account can participate in consensus, but not governance. Governance is the power of deciding non-consensus tasks, the funding of grant proposals being an example.

    As a next step toward responsible decentralization of the network, we want to introduce a mechanism for any account to not only participate in consensus, but also to govern.

    GOAL

    The goal of this proposal is decentralizing Algorand governance, and aligning network rewards with such governance. More precisely, it is putting forward the mechanics and incentives guaranteeing a governance that, just like our consensus protocol, is simultaneously decentralized, secure, and efficient.

    QUICK SUMMARY

    Participation in governance will be voluntary. The accounts that choose to participate, the governing accounts or, more simply, the governors, lock their tokens for a given amount of time, initially proposed to be one year. Governing accounts shall be rewarded for their work. We anticipate that the rewards earned by governing accounts will be higher than the current network rewards they will replace.[1]

    We propose to implement this governance gradually, starting by decentralizing the funding of grant proposals presented to the Foundation.

    Credit: Source link

    ShareTweetSendSharePin
    Previous Post

    My Bank offers me KYC as a service for fintech apps & my business

    Next Post

    Algorand Is The Best Place To Run Smart Contract And Dapps. | Algorand | by Info | GENERAL NEWS | Dec, 2020

    Related Posts

    Sperax Monthly Newsletter December 2020 | by Info | GENERAL NEWS | Dec, 2020
    Blog

    Sperax Monthly Newsletter December 2020 | by Info | GENERAL NEWS | Dec, 2020

    January 7, 2021
    ENSURING TRUE DECENTRALIZATION ON ALGORAND WITH THE PROPOSED RIGHT TO PARTICIPATE IN GOVERNANCE | Algorand | by Info | GENERAL NEWS | Jan, 2021
    Blog

    ENSURING TRUE DECENTRALIZATION ON ALGORAND WITH THE PROPOSED RIGHT TO PARTICIPATE IN GOVERNANCE | Algorand | by Info | GENERAL NEWS | Jan, 2021

    January 7, 2021
    ICF Update — Dec 15th. ChainSafe Conference Highlights;Cosmos… | by Interchain Foundation | Dec, 2020
    Blog

    ICF Update — Dec 15th. ChainSafe Conference Highlights;Cosmos… | by Interchain Foundation | Dec, 2020

    December 15, 2020
    Announcing the IBC 1.0 implementation release candidate | by Christopher Goes | Dec, 2020
    Blog

    Announcing the IBC 1.0 implementation release candidate | by Christopher Goes | Dec, 2020

    December 15, 2020
    Load More
    Next Post
    Algorand Is The Best Place To Run Smart Contract And Dapps. | Algorand | by Info | GENERAL NEWS | Dec, 2020

    Algorand Is The Best Place To Run Smart Contract And Dapps. | Algorand | by Info | GENERAL NEWS | Dec, 2020

    Leave a Reply Cancel reply

    Your email address will not be published. Required fields are marked *

    Premium Content

    South Korean Crypto Grannies and Grandpas Shoot for the Moon

    South Korean Crypto Grannies and Grandpas Shoot for the Moon

    April 22, 2021
    Are crypto startups less risky now?

    Are crypto startups less risky now?

    April 19, 2021
    S&P 500 futures little changed in early morning trading, Netflix shares tank

    S&P 500 futures little changed in early morning trading, Netflix shares tank

    April 21, 2021
    Big Huge Games Reports a Data Security Incident

    SKULLYS(R) NFTs & SKULLYSPOOL to be the First Cardano ADA reward Based Staking Pool with NFTs

    April 17, 2021
    Revolut is expanding into India

    Revolut is expanding into India

    April 22, 2021

    Welcome to cryptonews24, the number one source of news and information in the cryptocurrency sphere
    We have taken our time to bring together the most reliable and the most sought after source of news and information in the crypto sphere. From Startups, Fintechs,Sports,Health,Wealth,ICos, IEos,Exchanges, Wallets, to all other happenings in the crypto world.
    Subscribe to our telegram and twitter channel for minute by minute updates.
    Please contact us for your reviews, articles, marketing and any other cryptocurrency and blockchain related events

    What's New Here

    South Korean Crypto Grannies and Grandpas Shoot for the Moon

    South Korean Crypto Grannies and Grandpas Shoot for the Moon

    April 22, 2021
    Anonymous Dogecoin Holder Donates Profits to a Dog Shelter in Florida – Altcoins Bitcoin News

    Anonymous Dogecoin Holder Donates Profits to a Dog Shelter in Florida – Altcoins Bitcoin News

    April 22, 2021

    Subscribe Now

    Loading

    © 2020 cryptonews24.co.uk - All rights reserved!

    No Result
    View All Result
    • Crypto News
      • Bitcoin
      • Ethereum
      • Ripple
    • Crypto Games
    • Blockchain
    • Finance
    • Fintech
    • Regulation
    • Blog

    © 2020 cryptonews24.co.uk - All rights reserved!

    • YAMYAM(YAM)$1.40-98.56%
    • bitcoinBitcoin(BTC)$50,149.00-7.55%
    • ethereumEthereum(ETH)$2,253.71-6.88%
    • Binance CoinBinance Coin(BNB)$496.36-9.91%
    • tetherTether(USDT)$1.010.24%
    • rippleXRP(XRP)$1.07-18.02%
    • cardanoCardano(ADA)$1.08-11.01%
    • polkadotPolkadot(DOT)$29.98-10.71%
    • dogecoinDogecoin(DOGE)$0.212531-25.15%
    • UniswapUniswap(UNI)$32.63-11.91%