Core DAO is the community charged with overseeing the Core network. Responsibilities include (but are not limited to) adding to the number of validators, regulating governance parameters, and setting the percentage of block rewards and transaction fees that are burned.
Core’s decentralization is not limited to the consensus level – as time passes, governance of the entire Core network will gradually become more decentralized. As the network ages and expands, Core DAO will increasingly involve broader community participation [Wal], culminating with the all CORE token holders participating in the governance functions, including management of the CORE Treasury.
At the outset of this project, the network maintenance objectives are simple:
Provide a phased path towards decentralization;
Minimize risk to DAOs forming on top of Core Chain;
The broad plan is to progressively decentralize governance functions through three stages of development:
At present, Core Chain operates preponderantly via off-chain governance, in which:
Resolutions will be passed when a majority of DAO voters are in agreement;
The next stage will be limited on-chain governance, in which:
A fixed set of parameters, like the percentage of fees burned, can be changed with onchain voting;
Adding and subtracting parameters will be at the sole discretion of the DAO voters, through Core Improvement Proposals (CIP);
There will likely be time delays to discourage vote buying and similar attacks;
The final stage will be full on-chain governance, in which:
The community will be fully in charge, and steer the network into the future.