Fernando Soder avatar

Chronological protection of Steem Blockchain governability

fernandosoder

Published: 10 Mar 2020 › Updated: 10 Mar 2020Chronological protection of Steem Blockchain governability

Chronological protection of Steem Blockchain governability


As many people already know, our network has vulnerabilities regarding governability and I already addressed those in another post.

Another user(onealfa@onealfa) posted an idea that made me consider another point regarding security.

I disagree with his position of valuing more votes from older accounts, but I think we should have a chronological safeguard to prevent another Coup d'etat in the Blockchain:

The Idea:

  • All SP influencing the account, acquired by either Power Up of Delegation should have a 7-day gap before beginning to affect Witness vote positively;
  • All votes casted to witnesses should only be computed 2.5 days after been casted.
  • Power-down, undelegation or uncasted votes have immediate effect on witnesses.

Justification:

  • Such measures would give the whole community plenty of time to come up with a strategy in case of hostile takeover.

Further Thoughts

  • Just reminding whoever comes to read this article that such measure should be implemented alongside others, like the Vote Dilution and Vote Expiration.
    • Vote Dilution I believe is the best suited measure against a single party controlling the whole Security Council
    • Vote Expiration is to prevent dead accounts from influencing the living ones;

Leave Chronological protection of Steem Blockchain governability to:

Written by

Cientista da Computação formado pela UNISC. Gosto de feedback em minhas publicações, por isso peço que quem der "curtida" ou "thumbs-up" deixe uma mensagem, nem que seja uma única frase dizendo sua opinião. O mesmo vale para quem der flag.

Read more #steem posts


Best Posts From Fernando Soder

We have not curated any of fernandosoder's posts yet. But you can encourage our curation team to review posts by visiting them regularly and by referring other readers. Because we give priority to frequently read content.

More Posts From Fernando Soder