For perhaps the first time, a blockchain community has formally voted to confiscate a user’s funds. davidzmorris explains the $JUNO vote’s ramifications.
. The whale stated it considered the airdropped funds to rightfully belong to those clients. Those claims were met with significant skepticism, but may have influenced some to vote against the proposal.by Juno holders was ultimately very close. The final vote tally was 40.85% Yes, 33.76% No, 3.59% No with Veto, and 21.79% Abstain.
That implementation will not be frictionless. Different on-chain governance systems allow different parameters to be changed automatically via vote. Juno, and most similar systems based on Tendermint open-source software, allow automated changes of system parameters for future issuance, but not alteration of current balances.Instead, implementing Proposal 16 would require a hard fork, or backward-incompatible code change, to Juno.
Finally, the vote may have highlighted a possible governance-based attack vector that hadn’t been widely considered. The rules for the Juno airdrop were first published in August, but according toa provision limiting the airdrop to one instance “per person or entity” was added at an unknown subsequent date.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
MakerDAO community proposal to replace MKR governance tokenA MakerDAO proposal suggests replacing MKR with stkMKR to improve incentives and rewards for those participating in governance votes.
Read more »
10 Harmful Habits That We Just Can’t QuitIs it human nature to partake in unhealthy activities? FInd out more from our latest article about 10 harmful habits that we just can't quit.
Read more »
Queen Dolly Parton Gives Us Yet Another Reason to Love HerShe “respectfully” gave up her nomination to the Rock & Roll Hall of Fame, saying she didn’t want to split votes for the 16 other nominees.
Read more »
Web 3.0 and the Metaverse Walk Into a Bar... | HackerNoonDo they have anything to do with all of this intergalactic hype around blockchain and decentralization?
Read more »