Pocket DAO Passes Two Key Proposals on Node Incentives
The evolution of these two proposals was a case study in effective DAO governance, and included amendments to original proposals, discussions of exact parameters, economic modeling and forecasting, lively debate on alternatives, and even a discussion of the constitutionality of DAO proposals. Over the course of multiple weeks of active community debate and in-depth economic analysis, insights were pooled from a variety of perspectives and common ground was found.
As Pocket Network CEO Michael O’Rourke notes, “This week we’ve had a couple of the most impactful proposals to be passed by the Pocket DAO in our short two-year history. It is a meaningful shift in how everyone needs to think about node running, and is part of the evolution into a more efficient network moving into V1 of Pocket Network.”
For more on each of these key decisions, and how they will bring optimized cost-efficiency for the network, see the full discussions of PIP-22 and PUP-19 in thePocket Network, a blockchain data ecosystem for Web3 applications, is a platform built for applications that uses cost-efficient economics to coordinate and distribute data at scale. It enables seamless and secure interactions between blockchains and across applications.