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Governance on Core

Overview​

Core's governance system empowers the community to actively participate in decision-making processes that shape the ecosystem's future, from protocol changes to feature implementations. The governance is facilitated through the CORE token and follows a progressive decentralization approach.

Progressive Decentralization​

The Core blockchain's governance is designed to evolve over time, with a phased approach that begins with necessary centralization for network establishment and progressively hands over control to the community as it grows and stabilizes.

Active Governance Features​

  • On-chain parameter adjustment for fixed network parameters
  • 'm Parameter' governing certain economic variables is under community control
  • Fee burn percentage (currently set at 0%) subject to on-chain governance
  • Time delays in voting being discussed to mitigate vote selling concerns
  • Validator set changes including the approval of expansions to the validator set

Progressive Decentralization Strategy​

Stage 1: Off-Chain Governance​

  • Proposals and decisions conducted off-chain through Core Improvement Proposals (CIPs)
  • Community members could submit proposals regardless of stake size
  • Majority vote determined outcomes with seven-day voting periods

Stage 1.5: Hybrid Model​

  • Midpoint between off-chain governance and partial on-chain governance
  • Allowed for learning, adjustment, and laying groundwork for more on-chain elements

Stage 2: Partial On-Chain Governance (Current)​

  • Ability to adjust fixed parameters directly through on-chain voting
  • 'm Parameter' is under community control
  • Additional parameters like the fee burn percentage subject to on-chain governance

Stage 3: Full On-Chain Governance​

  • Details currently being developed with active community participation
  • Plans include requiring collateral to post proposals
  • Ensures proposers have vested interest in network health and longevity