Council Vote
Protocol Governance
Council Vote
Voting is done through a specific group of elected representatives, the council. The electoral outcome is enacted on-chain, hence it is automatically executed by the underlying blockchain. It has to be noted that in NPoS Networks such as Polkadot, Kusama, and Edgeware, governance is a mixture between Council and Validator vote.
Alternatives in
Protocol Governance
Protocol Governance
Blockchain protocols differ with regards to their rules, decision-making, and how they are organized. Hence, they have different types of governance. We identified the following, approximate types for Protocol Governance: 'Validator Vote'; 'Staker Vote'; 'Council Vote', and 'Off-Chain Governance'.
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Protocol Mechanics
For better classification, differentiation and comparability of different Blockchain networks, we identified different Protocol Mechanics.
Staking Mechanics
Staking Mechanics refer to the token economics, which is a new branch of the economy that explains the structure of a particular ecosystem in the blockchain sphere. It describes the study, design, and implementation of economic systems built on blockchain technology. Each platform and blockchain application is developed under its own token-economics model.
Proof-of-Stake blockchains not only differ in terms of their 'Protocol Mechanics', but also in terms of certain staking-related parameters, e.g. their reward or inflation rate as well as certain actions that are required by delegators.
