Governance

The Concordium Foundation is a Swiss-based non-profit with the goal to build the world’s leading open-source, permissionless, and decentralized blockchain with built-in user identity at the protocol level. Concordium supports regulatory compliance, allowing businesses to harness the power of blockchain technology.

Governance Committee Decisions

Introduction

Privacy-Centric, Public Blockchain

The Concordium Foundation is supervised by the Swiss authorities, with a clear purpose defined in its Public Deed. The Foundation Board is tasked with ensuring that the Concordium protocol continues to develop and remain relevant to the needs of users within the parameters of the Foundation's purpose.

Concordium CCD Stakeholders will assume a central role in suggesting and determining the priorities for the Concordium platform through the Governance Committee, whilst the Board will act as a guarantor that the Concordium principles of privacy with accountability and the Public Deed of the Concordium Foundation (Link) are adhered to. The Foundation Board will retain the role as supreme body of the Foundation after full decentralization, but key functions will be delegated to the Governance Committee.

After the Launch of the Mainnet

The Concordium Foundation Board will appoint a Governance Committee with five members to oversee the governance decentralization process, the on-chain governance mechanisms, and the tokenomics, including the CCD growth rate & inflation. At this stage, the Governance Committee is 100% appointed by the Concordium Foundation Board.

Upcoming stages

Mainnet + 2 years 28.6%

CCD Stakeholders appoint two members of the Governance Committee by on-chain vote, expanding the Committee from five to seven members. The Governance Committee can propose changes to the protocol on-chain.

At this stage, 28.6% of the Governance Committee is appointed by the CCD Stakeholders.

Mainnet + 4 years 44.4%

CCD Stakeholders appoint two further members of the Governance Committee by on-chain vote, expanding the Committee from seven to nine members. Stakeholders can propose changes to the protocol and vote on the changes on-chain. The Governance Committee will oversee the implementation and ordering of decisions made by the Stakeholders.

At this stage, 44.4% o the Governance Committee is appointed by the CCD Stakeholders.

Mainnet + 6 years 66.6%

CCD Stakeholders appoint two further members of the Governance Committee by on-chain vote, replacing two of the initial five Committee seats appointed by the Foundation Board. The Committee’s total membership remains at nine members, with two seats up for election every year. CCD Stakeholders can implement changes to the protocol. The Governance Committee acts as the executor of decisions passed by the Stakeholders.

At this stage, 66.6% of the Governance Committee is appointed by the CCD Stakeholders.

Mainnet + 8 years 100%

At this stage, 100% of the Governance Committee will be appointed by CCD Stakeholders.

Governance Committee Decisions

GP-001

2021-09-22 | 06:00:00.00 UTC

Description:

Update the minimum staked amount for becoming a baker to 14000.000000 CCD

HASH:

074efcb25805a16000a58a81033d673e053354c269b105798d23c4d21107b406

Open Dashboard

2021-09-22 | 06:00:00.00 UTC

Description:

Update the CCD to Euro conversion rate to 1 EUR = 2.777778 CCD

HASH:

4f549e9bc65d28dff235a3370efdd4c1602d784d42ce949a4b87dd342259efac

Open Dashboard

GP-002

2021-10-13 | 10:00:00.00 UTC

Description:

Update the protocol: Enable transfer memos specification

HASH:

81bec0077c29616799e4ad9ccde28b5de76c218045eea036a173a2441725fdb3

Open Dashboard

2021-09-22 | 06:00:00.00 UTC

Description:

Update the CCD to Euro conversion rate to 1 EUR = 2.777778 CCD

HASH:

4f549e9bc65d28dff235a3370efdd4c1602d784d42ce949a4b87dd342259efac

Open Dashboard

GP-003

2021-10-13 | 10:00:00.00 UTC

Description:

Add a new identity provider.
Name: Digital Trust Solutions.
Identity: 2.
Description: Identity verified by Digital Trust Solutions on behalf of Concordium.
Website: www.digitaltrustsolutions.nl

HASH:

81bec0077c29616799e4ad9ccde28b5de76c218045eea036a173a2441725fdb3

Open Dashboard

2021-09-22 | 06:00:00.00 UTC

Description:

Update the CCD to Euro conversion rate to 1 EUR = 2.777778 CCD

HASH:

4f549e9bc65d28dff235a3370efdd4c1602d784d42ce949a4b87dd342259efac

Open Dashboard

GP-004

2022-01-11 | 11:00:00.00 UTC

Description:

Update the protocol: Enable account aliases specification

HASH:

da7ad0050ac7352183b5731ec81d9b39a064248ba9c4acb8d12daa678040db43

Open Dashboard

2021-09-22 | 06:00:00.00 UTC

Description:

Update the CCD to Euro conversion rate to 1 EUR = 2.777778 CCD

HASH:

4f549e9bc65d28dff235a3370efdd4c1602d784d42ce949a4b87dd342259efac

Open Dashboard

GP-005

2022-01-26 | 14:30:00.00 UTC

Description:

Update the chain-update level 2 keys

HASH:

82d992ed67bfa344c42865d894a6c5195823e3921b713056c4c5a1abfe30065b

Open Dashboard

2021-09-22 | 06:00:00.00 UTC

Description:

Update the CCD to Euro conversion rate to 1 EUR = 2.777778 CCD

HASH:

4f549e9bc65d28dff235a3370efdd4c1602d784d42ce949a4b87dd342259efac

Open Dashboard

GP-006

2022-02-08 | 08:00:00.00 UTC

Description:

The GC approves the decision to regularly update the microGTUPerEuro parameter to match the current exchange rate. This will be done by sourcing the data from oracles. The initial update frequency is set to 30 minutes. Updates may also be done manually if needed.

2021-09-22 | 06:00:00.00 UTC

Description:

Update the CCD to Euro conversion rate to 1 EUR = 2.777778 CCD

HASH:

4f549e9bc65d28dff235a3370efdd4c1602d784d42ce949a4b87dd342259efac

Open Dashboard

GP-007

2022-06-01 | 08:00:00.00 UTC

Description:

The GC approves the delegation parameters to appear in update 008.

HASH:

82d992ed67bfa344c42865d894a6c5195823e3921b713056c4c5a1abfe30065b

Open Dashboard

2021-09-22 | 06:00:00.00 UTC

Description:

Update the CCD to Euro conversion rate to 1 EUR = 2.777778 CCD

HASH:

4f549e9bc65d28dff235a3370efdd4c1602d784d42ce949a4b87dd342259efac

Open Dashboard

GP-008

2022-06-23 | 08:00:00.00 UTC

Description:

The protocol change adds support for delegation, new smart contracts that support larger state, synchronous calls, and a number of cryptographic primitives. Read more

HASH:

476093e74014d9c735de0173a653f094f15ee1a4d2693f24bddd184672723d98

Open Dashboard

2021-09-22 | 06:00:00.00 UTC

Description:

Update the CCD to Euro conversion rate to 1 EUR = 2.777778 CCD

HASH:

4f549e9bc65d28dff235a3370efdd4c1602d784d42ce949a4b87dd342259efac

Open Dashboard

Newsletter

Get the latest news about Concordium.


    ©2022 All Rights Reserved