🎛️BlockMode Governance

The system by which entities are directed and controlled. It is concerned with structure and processes for decision making, accountability, control and behaviour at the top of an entity.

Mechanism

Public and Council can make changes to the network via referenda which will go through the referendum where all BlockMode holders, weighted by stake, make the decision.

Referenda

Referenda are simple, inclusive, stake-based voting schemes. For instance, Upgrading the number of validators from 600 to 700. They are discrete events with fixed voting periods. They are binary, the only option in voting is "aye" or "nay" or abstaining entirely.

Type

There are several types of proposals:

• Publicly submitted proposals;

• Proposals submitted by the council, either through a majority or unanimously;

• Proposals submitted as part of the enactment of a prior referendum;

• Emergency proposals submitted by the Technical Committee and approved by the Council.

Enactment time — 28 days.

Note: For emergency proposals, the enactment period will be shorter.