The Proton Governing Council is an independent, term limited governance entity that regulates and oversees block producers on the Proton blockchain. It consists of up to 59 diversified organizations representing a wide variety of stakeholders.
A Decentralized, Independent Governance Model
Pre-qualification of block producer candidates
A majority vote of council members is needed to pre-approve new block producers. Each BP must meet minimum technical standards, and must have a verified identity.
Review of block producer compliance & termination
The council monitors all block producers, verifies that performance meets minimum thresholds, and in the case of non-compliance can terminate BPs.
Advise on direction of codebase and pricing
The council advises Metallicus and other Proton contributors on the direction of the codebase, and sets the block producer rewards and resource pricing for apps.
Term Limits and Equal Votes
All members of the council have an equal vote, and serve for a term of 2 years. The council nominates and votes on its own replacements.
Block Rewards and Staking
The initial inflation block reward is set at 5% per annum, awarded on a 1/365 ratio, daily. This reward is split as follows:
split evenly among the 21 top block producers
to all accounts that stake and vote for block producers
to the governing council
Additional Block Producers
Members of the Proton Governing Council share an equal vote in the direction of software for thousands of public nodes
EOS Cafe Block
Frequently Asked Questions
The governing council has the ability to pre-approve BPs and remove them in case of bad behaviour.
Yes. As we roll out the chain commercially, the council is expected to grow significantly to represent all the different chain stakeholders.
Token holders vote to select BPs. At any point there are 21 producing block producers. All BPs must first be pre-approved by the council.