Agree on schedule for the balance of the Core Four deliverables; presentation on the Cheqd ToIP Layer 1 governance framework.
Agenda Items and Notes (including all relevant links)
Welcome & antitrust notice
Introduction of new members
Antitrust Policy Notice:Attendees are reminded to adhere to the meeting agenda and not participate in activities prohibited under antitrust and competition laws. Only members of ToIP who have signed the necessary agreements are permitted to participate in this activity beyond an observer role.
There were many excellent questions during the presentation—some of them below.
The governance model is based on using proof-of-stake (POS) using Cheqd tokens.
Mary Lacity asked about how Cheqd would protect against the danger of centralization with POS.
Alex explained how the design is intended to maximize distribution of the Cheqd network.
Scott Perry asked about the danger that the Cheqd token holders act entirely in their self-interest and therefore the biggest stakeholders will dominate the voting and governance.
Alex offered several possible options for how excessive domination can be prevented, such as putting a limit on the total stake any one party can have for governance, and requiring a certain overall distribution of nodes.