Governance
Zakachain is governed by decentralized autonomous organization.
Through voting, the platform can issue grants, make changes to smart contracts, and modify the chain source code.
Glossary
Delegation
A ZAKA holder cannot use VP until they delegate their votes to an address. Delegation can be granted an unlimited number of times, but only to one address at a time, including the owner's own address. Delegation does not block tokens, it simply adds VP to the delegation address.
Quorum
For a proposal to pass verification, the proposal must meet a minimum voting threshold.
Zak Power
Zak power is calculated from the total balance of ZAKA associated with the wallet connected with the DAO.
1 Zakacoin = 1 Zak Power (ZP)
Voting process
Poll
To determine sufficient interest and mood of the community in discussing the proposed issue
A general, unbiased question is asked to the community about a potential chain change.
3 days
Discussion
To identify the problem, start an official discussion with proposals to solve the problem.
Possible solution options are proposed.
7 days
Proposal
To propose the final step in the process of adopting a proposal to solve a problem/question.
A detailed solution is described.
7 days
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