"Governance" TAG

A key tenet of cryptoeconomic design is to avoid relying on the subjective judgment of a central authority for consensus, and, instead, reach consensus regarding transactions in an automated and prescribed manner. However, as occurs in all networks, transactional disputes between counterparties nonetheless arise periodically, necessitating mechanisms and procedures for their resolution, which are not...

In a recent article, Jesse Walden, founder of Variant Fund, and Connor Spelliscy, Co-Founder of the Blockchain Association, argue that cryptonetworks and projects, with executive teams domiciled in the US, could circumvent the legal issues with their networks’ cryptoassets being classified as securities by structuring their projects and token economies along the lines of traditional...

As the blockchain sector debates the potential migration of DeFi applications from Ethereum to other networks, similar considerations are being made about NFT-based entertainment applications. While Ethereum remains the smart contract platform with the highest level of NFT-related activity, there exist genuine concerns regarding its ability to scale in order to accommodate a growing userbase....

On October 6th, CoinMetro, a centralized exchange and the primary exchange on which Parsiq was traded, was hacked and had a significant number of both its native XCM and Parsiq’s PRQ token drained from its hot wallets. As a result of this hack and, moreover, the Parsiq team’s actions to correct the hack, PRQ’s price...

Aragon, a DAO infrastructure and subjective oracle provider, recently proposed a new method for off-chain voting with on-chain execution, dubbed ‘optimistic execution.’ The method is intended to address both on-chain voting’s high execution costs (as Aragon observes, on-chain voting on Ethereum can cost up to $30 to cast a vote) and the counterparty risks present in current...

Based on the similarities between Free and Open Source Software and Blockchain governance, Placeholder’s Mario Laul recommends several best practices to blockchain organizations. These practices, in Laul’s view, are conducive to success in governance, which he understands as “…measured by the quality and adoption of the software over time, the frequency and handling of major conflicts, and...

Though the Decentralized Finance (DeFi) sector has collectively experienced rapid increases in adoption in recent months, there is perhaps a no more dramatic example of supposed growth in the sector than that of Compound, including, among other metrics, the explosive market capitalization expansion of COMP, the money market protocol’s new native governance token. From a fundamental cryptoeconomic...

The current document identifies four user rights signatories would pledge to uphold: a right to information about the system, a right to data protection, a right to own and manage data, and a right to understand available recourse. Participation is voluntary, although the WEF reserves the right to ‘de-list’ entities found in violation of the rights. As...

The Maker announcement suggests the project’s security and long term sustainability depend on successfully transitioning to community-led governance and was quickly followed April 6th with the circulation of 13 ‘Maker Improvement Proposals’(MIPs) designed to elicit discussion and counter-proposals on the foundational processes for its governance system. The Maker Foundation’s plans for leadership transition are notable for several reasons.On...