Proposals
Hypersign Identity Network provides the facility of Governance, which provides opportunities to suggest changes in the blockchain. These suggestions to improve any aspect of the blockchain are expressed in the form of a proposal. A minimum deposit is needed (in $HID) to submit a proposal, and hence any user holding significant $HID can submit one of the following proposals:
Simple Text Proposals
Software Upgrade
Blockchain Parameter Change
Community Grants
Proposals status are of following types:
StatusDepositPeriod
Time until necessary minimum deposit is made for a proposal
StatusVotingPeriod
Time frame during which votes are accepted.
StatusPassed
Proposal is passed and successfully executed
StatusRejected
Proposal is rejected
A successful proposal requires a minimum participation from all stakeholders, known as Quoram. The value is 33.4% of total voting power
Few helpful commands:
Query the list of proposals
Query a single proposal with proposal id
Voting
Voting is essential is deciding whether a blockchain proposal will be accepted or rejected. Only Validators and their delegators have the ability to vote on proposals. There are four types of vote:
Yes
Agreement on the proposal
No
Disagreement on the proposal
Abstain
Refrains from voting on the proposal
No With Vote
Strongly Disagrees on the proposal with intention of discarding the proposal
If 33.4% or more votes
No With Veto, the proposal is discarded and the deposit is burned, unlike in above scenarios where the deposit is refunded to the proposer.This ensures that any spam proposal submission will result in proposer losing their deposit.
Run the following command to submit your vote for a proposal:
Example: Voting yes to a proposal of proposal id 3.
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