The Telos Blockchain Governance - Is It Pure Democracy?


Now that we all got the attention that Telos is supposed to be getting due to its powerful technology, here is something that most developers needed to check before they actually decide to be in the network.

 

What is Blockchain Governance?

On-chain governance is a system for managing and implementing changes to cryptocurrency blockchains. In this type of governance, rules for instituting changes are encoded into the blockchain protocol. Developers propose changes through code updates and each node votes on whether to accept or reject the proposed change. source

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The Telos Blockchain Network Operating Agreement

We start off by saying what this document is supposed to do. That is to describe the core aim of Telos (to establish a secure, stable, and governable blockchain). We also list all the governance documents that determine the rules for the network. This is important so that users can opt-in to the network governance and say that everyone who uses Telos agrees that these documents are of rules.

Last May 31, 2019 - The Constitution which all Telos leaders and Team Members would abide were created.

Telos is a pioneering experiment in blockchain governance. The Telos Launch Group and the members of its Governance Working Group endeavored to create a system of governance for everyone who uses Telos to record and interact with their property and information. This article looks at the Telos Blockchain Network Operating Agreement (TBNOA) — essentially the charter or constitution of Telos — and breaks down each clause to make it easier to understand. Let’s face it, this document is long and boring, but if you ever need to understand how Telos is governed and what the rules are around here, this is the document where you can find clear answers.

Check the full details here: https://medium.com/@goodblock_info/telos-governance-explained-the-tbnoa-5aeed75f4341

For the Full PDF incorporated in the Telos Website itself: Click this sub-page link: Telos Governance Documentation

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Right now, there is a plan to amend the Tokenomics and the Governance of the network as proposed by many. Though there will be a deliberation if this would be changed or not. This would be the TEDP 2.0 proposal which is a critical analysis of our current TLOS tokenomics and proposed plan to curtail our current dilution in an effort to provide a more balanced economic model intended to support the future health and growth of the TLOS token.  

Join developers building a better future on the Telos Network

If you are a developer and interested in Blockchain and smart contract deployment join our Telegram group

@dAppsTelos

The NEW Telos Website Integration

The Telos Website New Look - Ready For Mass Adoption

End-Of-Month (March 2021) Report of all the achievements that the Network achieved

March 2021 - Telos End Of Month Summary Of Major Activities.

A milestone involving the token of the most powerful blockchain in the world

Telos (TLOS) Hit $1.35 Million Liquidity On UNISWAP

I am Fycee, an APPICS dApp Senior Ambassador and one of the Telos Community Marketing Team. Not sharing a financial advice but let's always Do Your Own Research (DYOR)

Telos.Net

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fycee
fycee

APPICS Senior Ambassador - Philippines Steemit Country Coordinator - Philippines Publish0x Pioneer Author cryptocurrency enthusiast, writer-blogger, customer-service associate, lifestyle, food and career-focused contents.


Telos - The World's Most Powerful Blockchain
Telos - The World's Most Powerful Blockchain

Telos is powering the networked ecosystem of the future. A networked ecosystem enabling visionary leaders and communities to work together to build a new global economy. - Decentralised - Energy efficient - Super-fast - Scalable - Cost-effective - Secure The Telos mainnet has been live since 2018, and today, Telos features a huge variety of smart contracts, dApps, the fastest transaction speed (at 10,000 TPS), and most importantly, ‘real world’ utility.

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