Qortal Project

The future of blockchain platforms

User Tools

Site Tools

Trace:
voting_system_overview

Differences

This shows you the differences between two versions of the page.

Link to this comparison view

Both sides previous revisionPrevious revision
Next revision		Previous revision
Next revisionBoth sides next revision
voting_system_overview [02/07/2022 08:42] – gfactorvoting_system_overview [03/11/2022 15:02] – gfactor
Line 6: Line 6:
 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 account reaches 4,074,400 blocks minted (level 10), ALL Founder accounts will automatically have their weighted influence adjusted to the 4,074,400 which is the MAX weighted influence possible (at that point and forever moving forward). Founder accounts still level up based on their blocks minted count as other accounts do. The Founders are intended to have this weighted influence during the beginning to ensure the project develops in the proper direction. Thereafter, the network will have a strong base network of vested members who will share the same interest in Qortal’s ethical success. We can all reach the same max level 10 account and weighted influence based on time and contribution. +When the first Founder reaches level 10, those who were given pre-enabled levels from QORA will be given a 'blocksMintedPenalty' equal to the number of blocks they were credited with at Genesis. This will remove that number of blocks from their total minted blocks. This also means that if they have NOT minted by the time the first Founder hits level 10, they could be sent back to level 0. (7 years should be plenty of time for them to have paid enough attention to start minting, and if they haven't by then, that's their choice. They were given ample time to take advantage of the opportunity given from QORA.)  
 + 
 +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 to the Founders. Therefore this is simply an effort to 'level the playing field' for those who did NOT have pre-enabled blocks minted. The Founders have level 10 + blocks minted, until the first Founders actually reaches level 10, then they are simply blocks minted like everyone else. At the same time, those who were given pre-enabled levels get the penalty for however many blocks they were credited with at Genesis.
  
 Voting will be used to help steer the project’s direction. Rather than leaving everything up to the DevTeam, the community will be able to vote on certain matters with how the DevTeam should allocate their time with options presented to the community. Such as which coins or features to implement next, or certain modifications needing to take place and which options the community thinks are the best ones to pursue. There will NEVER be any voting for sanctioning or censoring as this will never be a possible action by the Dev Team! Voting will be used to help steer the project’s direction. Rather than leaving everything up to the DevTeam, the community will be able to vote on certain matters with how the DevTeam should allocate their time with options presented to the community. Such as which coins or features to implement next, or certain modifications needing to take place and which options the community thinks are the best ones to pursue. There will NEVER be any voting for sanctioning or censoring as this will never be a possible action by the Dev Team!
voting_system_overview.txt · Last modified: 04/29/2023 18:35 by gfactor

Page Tools