Governance model upgrade: decentralized decision-making opens a new stage of Aethir development

Explore Aethir鈥檚 roadmap towards decentralized governance, with computing resource providers, stakers, and validators leading the future of the platform.

Decentralized governance is revolutionizing the tech world, bringing more transparency, community engagement, and shared ownership to numerous platforms. Aethir, a distributed cloud computing service provider, is at the forefront of this movement and plans to implement a decentralized governance model that aligns with its commitment to empowering the community. Through this shift, Aethir aims to give its stakeholders greater influence over the direction of the platform to ensure a more democratic and resilient ecosystem.

Aethirs decentralized governance approach means moving away from traditional centralized decision-making structures. Instead, power will be distributed to token holders, computing resource providers, and other key players in the Aethir ecosystem.

Let鈥檚 dive into Aethir鈥檚 journey toward decentralized governance, exploring its timeline, structure, and impact.

Aethir鈥檚 Transition to Decentralized Governance

Aethirs transition to a decentralized governance model has been carefully planned and will unfold in several phases. This gradual approach allows stakeholders to adapt to the new system while ensuring that all necessary infrastructure is in place. The timeline includes a structured process to gradually introduce a community-driven governance mechanism, with full implementation planned for the near future.

Implementation timeline

The Aethir decentralized governance roadmap consists of the following phases:

Development Phase: During this initial phase, Aethir will create the foundational elements needed for decentralized governance, such as smart contracts, voting mechanisms, and staking functionality. The goal is to create a strong structure for community participation.

Community Education and Onboarding: To ensure all stakeholders are fully prepared, Aethir will conduct educational sessions and workshops explaining the governance model and how participants can get involved. This phase is critical to building an informed and active community that understands the responsibilities and benefits of decentralized governance.

Beta Testing: A beta version of the governance system will be launched, allowing a select group of users to participate in decision-making and provide feedback. This phase is critical to identifying potential challenges or areas that need tweaking before a full rollout.

Decentralized governance fully launched: After successfully completing beta testing and adjustments, Aethir will officially launch a decentralized governance system to empower the community to make decisions. This marks the completion of the transformation and the beginning of community-led governance.

By breaking the process down into these phases, Aethir ensures a steady transition while keeping the community involved and prepared at every step.

Why decentralization?

The decision to adopt decentralized governance stems from Aethir鈥檚 core principles and mission to create a transparent, community-driven platform. There are several key reasons behind this shift:

Co-ownership: Decentralized governance enables token holders to directly participate in decision-making about the future of the platform, fostering a sense of ownership among users. This approach aligns incentives as community members are all invested in Aethir鈥檚 success.

Improved transparency: Traditional governance models may not be transparent enough, and decisions are often made behind closed doors. Decentralized governance makes decisions public, builds trust among participants, and improves transparency.

Agility and Responsiveness: Through community-driven governance, Aethir is able to adapt more effectively to changing user needs, market conditions, and technological advances. Decisions can be made collaboratively, making the platform more responsive and resilient.

These motivations reflect Aethir鈥檚 commitment to creating a platform that empowers users, providing them with meaningful ways to shape the future of the ecosystem.

Structure: Balancing interests and ensuring fairness

Aethirs governance model is designed to balance the interests of all stakeholders and ensure that every participants voice is heard. This structure includes the formation of a governance committee and a representation model that encompasses various groups within the ecosystem.

Governance Committee

A core component of the Aethir governance model is the establishment of a governance committee. This committee will play a key role in facilitating discussions, guiding the decision-making process, and ensuring that proposals are aligned with Aethir鈥檚 mission and goals. The committee will be composed of representatives from three main groups:

Computing Resource Providers: Participants who contribute computing power to the Aethir distributed network will have representation on the committee as they play an important role in the operation of the platform.

Validators: These participants are responsible for verifying the performance and reliability of the network, ensuring that computing resources meet quality standards. Including them in governance ensures accountability within the ecosystem.

ATH Stakers: Holders who choose to stake their ATH tokens will also receive representation on the committee. These stakers have a financial stake in the success and stability of the platform, making their opinions valuable.

Each group has a unique role in the ecosystem, and their combined perspectives will help make balanced, comprehensive decisions. The Aethir Foundation will support the Governance Council, providing resources and guidance to facilitate smooth and effective governance.

Empowering the Community: The Power of Staking ATH

The core of Aethirs decentralized governance model is to require ATH holders to stake their tokens in order to participate in governance. This staking mechanism ensures that only those with a vested interest in the long-term success of Aethir have a say.

Here鈥檚 how the system works:

Stake ATH as voting power: When ATH holders stake their tokens, they gain voting power proportional to the amount staked. This power enables them to participate in governance votes and directly influence key decisions.

Incentivizes long-term commitment: Staking also incentivizes users to continue investing in the future of Aethir. By requiring staking to participate in governance, Aethir encourages the creation of a community of dedicated, long-term supporters.

Through this model, Aethir empowers its token holders by providing them with a meaningful way to contribute to the platform鈥檚 growth and ensuring that governance is driven by those who are truly invested in Aethir鈥檚 success.

For a deeper dive into our governance structure and the role of staking ATH, please refer to our detailed Aethir Foundation Charter.

Shaping Aethirs Roadmap: Voices of the Community

Aethirs governance model empowers community participation by clearly defining areas where user input is critical. This approach democratizes decision-making and draws on a variety of perspectives. Key governance areas include:

Product Development and Features: Community members can propose and vote on new features, helping to tailor Aethir鈥檚 roadmap to meet user needs.

Network parameters and policies: Community input on performance, staking, and governance ensures fair and transparent decision-making.

Partnerships and Collaborations: The community selects partnerships that align with Aethir鈥檚 values and growth objectives.

Token Economics: Community-driven ATH token model changes prioritize the interests of token holders.

Proposal Type:

Proposals that impact rewards: Proposals that impact rewards require high participation:

Temperature Check Quorum: 25% of the staked supply.

Decision-making quorum: 70% of the staked supply.

Proposals that impact protocol/staking fundamentals: Proposals that impact protocol operations or staking (not directly affecting rewards) need to:

Temperature Check Quorum: 12.5% of the staked supply.

Decision-making quorum: 60% of the staked supply.

Quorum for Proposals: Proposals can be made during the temperature check or implementation preparation phase, requiring the same temperature check and decision-making quorum as the initial proposal, ensuring a balanced governance process.

Proposal Category:

Proposals that impact rewards: target financial aspects and require a supermajority quorum.

Proposals that impact the protocol/staking foundation: Target the core protocol or staking and require a standard quorum.

Embracing a decentralized future

Aethirs transition to decentralized governance represents an important milestone, in line with the principles of transparency, common ownership, and community participation. Through a carefully constructed roadmap, Aethir is moving towards a governance model that empowers stakeholders and fosters a sense of collective responsibility. This model balances the interests of computing resource providers, validators, and ATH stakers, ensuring a fair and representative decision-making process.

Community members can actively shape Aethirs development by staking ATH tokens and influencing key areas such as product features, network policy, and partnerships. Aethirs approach demonstrates a commitment to creating a resilient, adaptable platform that reflects the values and interests of its community.

Call to Action: If you are an ATH holder, please take this opportunity to stake your tokens and participate in the governance of Aethir. Your voice is critical in shaping the future of Aethir, and through decentralized governance we can build a platform that truly reflects the collective vision of the community.

This article is sourced from the internet: Governance model upgrade: decentralized decision-making opens a new stage of Aethir development

Related: The largest acquisition in Web3 history: payment giant Stripe acquires Bridge for $1.1 billion

Original | Odaily Planet Daily ( @OdailyChina ) Author | Fu Howe ( @vincent 31515173 ) In the global payment field, Stripe is a well-known name. Recently, the company announced the acquisition of Web3 payment platform Bridge for $1.1 billion, becoming the largest acquisition in the history of Web3 and attracting widespread attention. This is not only an important step for Stripe to expand its payment solutions, but also a landmark moment for Web3 technology to emerge in the traditional financial system. Odaily Planet Daily will delve into the two parties involved in this acquisition and the motivations behind it. Basic introduction to Stripe and Bridge Founded in 2010 and headquartered in San Francisco, Stripe is a financial technology company focused on online payment solutions. Founded by brothers Patrick Collison…