Staker Vote
Protocol Governance
Staker Vote
Every token holder can choose to delegate his/her voting rights to a validator or, in case he/she does not agree with the validators' choice, directly vote him/herself. The electoral outcome is enacted on-chain, hence it is automatically executed by the underlying blockchain.
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.
