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The Founder accounts will have a different weighted vote that is based on their blocks minted count PLUS level 10 blocks minted count. What we mean by this, as seen on the [[Leveling System]] wiki page, for an account to reach level 10 requires 4,074,400 total blocks minted. So Founder accounts will have a weighted vote of 4,074,400 PLUS their actual blocks minted count. For a simple example, if a Founder has 100 blocks minted, the account would have a weighted influence of: 4,074,400 + 100 = 4,074,500 | The Founder accounts will have a different weighted vote that is based on their blocks minted count PLUS level 10 blocks minted count. What we mean by this, as seen on the [[Leveling System]] wiki page, for an account to reach level 10 requires 4,074,400 total blocks minted. So Founder accounts will have a weighted vote of 4,074,400 PLUS their actual blocks minted count. For a simple example, if a Founder has 100 blocks minted, the account would have a weighted influence of: 4,074,400 + 100 = 4,074,500 | ||
- | When the first Founder | + | When the first Founder reaches level 10, Founders |
- | Voting will be used to help steer the project’s direction. Rather than leaving everything up to the Dev Team, the community will be able to vote on certain matters and how the DevTeam should allocate their time with options presented to the community. Such as which coins or features | + | This penalty (just a technical term) is simply to be sure the voting system is fair for everyone who actually started at 0 blocksMinted at Genesis, including but not limited |
- | Voting will also be used for the community to help approve new developers | + | Please note: Qortal is ever evolving, |
- | The community | + | Voting |
- | The community will always be able to submit proposals and vote on them. This can be done by anyone. If they are approved by the community vote, they will get passed to DevTeam for review. DevTeam will determine what is actually possible, and make changes to the concept if necessary, then submit a final approval for the community to vote on. Thereafter, the DevTeam will move forward with development of the concept. | + | Voting will also be used to help approve new developers as an admin of the DevTeam. What this means is that we have two types of DevTeam members: 1) anyone can join the team and help develop the codebase who DO NOT have the ability to vote on the 60% approval to push updates to the chain, and 2) DevTeam admins who DO have the ability to vote on the 60% approval to push updates to the chain. The DevTeam will vote to approve new admins by pushing the update with their 60% approval. This update will then assign the admin permission to the vetted dev(s) and it's official. It is extremely important to have this layer of security with these two types of DevTeam members as the DevTeam admins will be the only ones who can vote for a 60% approval to push updates. This creates a way for the DevTeam admins keep the rest of the DevTeam in check as DevTeam admins are the only devs who can push the 60% approval updates to the chain. |
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+ | The community will NOT be voting to directly approve code updates. There' | ||
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+ | The community will always be able to submit proposals and vote on them. This can be done by anyone. If they are approved by the community vote, they will get passed | ||
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+ | In regard to projects that wish to have their own minting system and/or asset, they will be required to submit a proposal to be reviewed by the Dev Team. The Dev Team will then submit a summary to the community as to what the project entails and is worth a community vote to approve. The community will then vote to approve and development of the project can begin. | ||
Of course at any time, anyone is able to submit pull requests. That will always remain an option and has nothing to do with the Voting System. | Of course at any time, anyone is able to submit pull requests. That will always remain an option and has nothing to do with the Voting System. | ||
- | Voting System is expected to be implemented | + | Voting System is expected to be implemented |
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+ | We also have made a blog explaining how Qortal is not a DAO: https:// |