Dec 14, 2020
By: Algorand Inc & Algorand Foundation
Silvio Micali recently shared "A Proposal for Decentralizing Algorand Governance" in which he shares a vision for broader community engagement in how decentralization is done on Algorand. Currently, in Algorand, every account can participate in consensus, but not governance. Governance is the power of deciding non-consensus tasks, the funding of grant proposals being an example.
As a next step toward responsible decentralization of the network, we want to introduce a mechanism for any account to not only participate in consensus, but also to govern.
The goal of Silvio's proposal is decentralizing Algorand governance, and aligning network rewards with such governance. More precisely, it is putting forward the mechanics and incentives guaranteeing a governance that, just like our consensus protocol, is simultaneously decentralized, secure, and efficient.
Feedback from the community on this proposal is highly important to everyone across the Algorand ecosystem. We invite you to join leaders from across the Algorand Foundation and Algorand Inc to have a live discussion on what the proposal means and share your feedback. We look forward to hearing your voice!