14 votes
Accepted

Inflation rate and economic incentives

The intent of the white paper is for the inflation rate to be a constant yearly percentage of the total supply. The current implementation is an approximation of that. This is a subject that often ...
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  • 4,399
10 votes

Limitations of the self-amending ledger?

The "protocol" can be upgraded with on-chain-governance, everything else cannot. (But as we see with current storage optimizations, other parts can also be upgraded, without on-chain-governance.)
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  • 2,638
8 votes
Accepted

Limitations of the self-amending ledger?

The goal is to narrow down the as much as possible what can be upgraded to the parts which require agreement between all the participants. This is referred to as the "economic protocol". Fundamentally,...
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  • 4,399
7 votes

How does Tezos voting process work in practice?

As a self baker, you can vote via Ledger.
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5 votes
Accepted

What does "stakeholders govern the protocol" exactly means?

"Stakeholders govern the protocol" is what it says, there is on-chain governance process where amendments to protocol are voted by stakeholders. An overview of how it is done can be found here. It is ...
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5 votes
Accepted

Hard fork vs onchain-governance for Tezos

Here is a link where Arthur B. talks about the need for hard forks: https://medium.com/tezos/there-is-no-need-for-hard-forks-86b68165e67d The summary is that new features should be done via on chain ...
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  • 2,602
5 votes

How does Tezos voting process work in practice?

There is already a Guide from Obsidian, about Voting with a Ledger Nano SOURCE: https://github.com/tezoscommunity/FAQ/blob/master/Compile_Mainnet.md
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  • 2,638
5 votes

Who bakes and endorses the blocks for the testnet during proposal?

The existing bakers bake on the testnet chain during the testing phase. What happens is that a new testnet is created and forked from the first block during the testing phase. Bakers will run both the ...
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4 votes

Please clarify. Who precisely is able to vote on protocol changes?

Only bakers can vote, in order to be a baker you need 1 roll delegated to you (currently 10,000 xtz). Otherwise you can delegate your xtz to any baker that you trust with your vote. If baker A will ...
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  • 41
4 votes
Accepted

Understanding Abstentions/Pass Vote

There is I believe here a slight confusion on your part in the interpretation of the word "quorum" here because as per implementation there are 2 conditions for the amendment to be accepted: the ...
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  • 6,006
4 votes

Understanding Abstentions/Pass Vote

No, 60% / (60% + 19%) ≈ 76% < 80%
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  • 4,399
3 votes

Inflation rate and economic incentives

Total maximum reward per year is a fixed number of XTZ therefore the effective amount of percentage inflation due to rewards is due to reduce over time. It can be updated through a protocol update ...
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  • 6,006
2 votes

Where is the protocol change proposal injected?

Unless I am reading it wrong, there was one operation injecting both proposals: https://tzscan.io/onydFJLWdGhfKNBfbnSLmqDu93j9NRimkbQm9WqLWYG8eyZUyTF in Block 332624: https://tzscan.io/...
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2 votes
Accepted

Where can I view a proposal's source code changes?

It's the responsibility of those that are proposing the changes to provide the amended source code - we can then validate the changes with the proposal hash. I assume Nomadic Labs will provide this ...
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2 votes
Accepted

What exactly is tested during Testing Phase of the governance cycle?

During the 48h cycle with the fork chain. The test chain now lasts as long as the third phase of the amendment process, so approximately 3 weeks. They are simply processing the same transactions ...
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2 votes

How can delegators find out the voting intentions of Bakers?

There are really two votes here. Voting on which proposal which actually be voted on. There might be several proposals, but only one proposal can win per proposal period. After a proposal has been ...
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  • 1,123
1 vote
Accepted

How to create and distribute a governance proposal?

If you have an idea to modify the Tezos protocol, the first and IMO most important thing you need is feedback (and enthusiasm!) from the community (experts of all the scientific fields related to ...
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1 vote
Accepted

Does the delegate's stake change their vote's weight?

Every delegation contributes to the number of votes a baker represents, where each vote is equivalent to 8000ꜩ (a roll). Let's imagine I hold 24000ꜩ, and I delegate them to a baker. My delegation ...
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