Validator Vote
Protocol Governance
Validator Vote

Validators vote on proposals on behalf of their delegators. 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'.

Explore other terms

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.
Staking Risks
Staking your digital assets is not a risk-free endeavor. Please make sure to review all the risks involved before you start your staking operations and make sure to properly research the validator that you want to stake with.