I was working on Governance/Signalling concept recently. Looking for your thoughts on it.
Ethereum, Ethereum Classic, and other PoW-coins need an agreed and clear voting/signaling workflow before the next difficult decisions occur.
This paper proposes a voting/signaling concept that can be developed and implemented in a short period of time and on a low budget.
The system divides the key stakeholders of PoW-coin’s Network into 3 branches(separation of powers):
- Core Developers(Contributors). Those who actually creating underlying software and technology used in Network.
- Coin Holders. Those who invested own fiat money thus bought coins and holding it now.
- Miners. Those who securing PoW network.
Agreed acceptance criteria for Referendum it is any TWO of branches passing representation threshold and gain more than 50% of YES votes for Referendum proposal.
Referendum voting mockup: