Network Proposal is an on-chain governance system in which each Representative can submit proposals on-chain and make decisions through voting. In order to confirm and execute a Network Proposal, ⅔ +1 of the top 22 P-Reps must vote in favor of the proposal and more than 66% of the stake-weighted vote must vote in favor of the proposal. There are 4 types of Network Proposals: ‘StepPrice Proposal’, 'Malicious SCORE Proposal', 'P-Rep Disqualification Proposal' and 'Text Proposal'. These proposals will be detailed in a separate paper.
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Modified on: Wed, 17 Jul, 2019 at 9:26 AM
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