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Governance Proposals

Koinos governance system and proposal process.

Overview

Koinos features on-chain governance that allows the community to propose and vote on blockchain upgrades, parameter changes, and other important decisions.

Governance System

Voting Power

  • Based on VHP (Virtual Hash Power) tokens
  • VHP is obtained by burning KOIN
  • More VHP = more voting power

Proposal Types

  • System Contract Upgrades: Modify core blockchain functionality
  • Parameter Changes: Adjust blockchain parameters
  • Fund Allocation: Distribute Koinos Fund resources

Participation

How to Submit a Proposal

Learn the process for creating and submitting governance proposals.

Voting Process

  1. Proposal Period: Community discussion and refinement
  2. Voting Period: VHP holders vote on proposals
  3. Implementation: Approved proposals are automatically executed

Governance History

The History of Updates section documents important governance decisions and their outcomes:

Best Practices

For Proposers

  1. Engage the community before formal submission
  2. Provide detailed specifications and rationale
  3. Consider backward compatibility
  4. Test thoroughly on testnet

For Voters

  1. Research proposals thoroughly
  2. Participate in discussions
  3. Consider long-term implications
  4. Vote responsibly

Resources

  • Governance forum discussions
  • Technical specifications
  • Community voting guidelines
  • Historical proposal outcomes