You are viewing a single comment's thread from:

RE: SPK Network - SPK Governance

in #spk2 years ago

If the threshold was 17/20... nope, 16 couldn't vote out 4 ever.

I guess you don't know that this "state machine" has a consensus mechanism, is older than SushiSwap(with pieces older than HiveEngine), and has had over 100 operators. As a layer 2 it doesn't need to order transactions, but it still has other aspects of a blockchain. Forgetting all of the the solution must live on Hive because the DHF is paying us to build it to make hive a better place.

Sort:  

If the threshold was 17/20... nope, 16 couldn't vote out 4 ever.

I mean that all the people who stake the governance token can vote out any rogue validators.

I didn't mean to devalue what you have created, sorry if it sounded like that. If it works with a sufficient level of robustness against the various kinds of attacks, and does what is needed for the SPK network, then that would be a terrific innovation you have created.

Agreed, and that's the general idea... have a few layers to the governance structure to mitigate the limitations of multi-signature accounts.