Q1: What is Kira’s governance structure?
Governance set of Kira consists of the following two kinds of actors:
- Validators - must be active operators and not jailed. They have equal voting power to all other governance set members. Can vote VETO on governance proposals. (1/2 of all validators required). Validators will account for >= 1/3rd of all governance seats.
- Council Members - do not operate a validator node. They have equal voting power to all other governance set members but can NOT vote VETO on governance proposals. Counselors account for < 2/3'rds of all governance seats.
Q2: Why should I become a Kira partner?
Becoming a Kira Partner allows you to participate as a validator in the token mining event during the launch of the network and earn revenue from block, network and exchange fee rewards as well as mining KEX token. In addition to becoming a validator, partners will also be automatically granted a governance seat position. Additionally partners benefit from individual agreements with the Kira Team, such as customization of the token issuance module, LTS of the open-source development stack being delivered by the Kira Team, whitelisting tokens of our partners as stake-able assets in the context of Kira’s Multi Bonded Proof of Stake consensus, thus allowing them to earn a portion of the revenue from the exchange. However, partners cannot mine or acquire any more tokens than any other validator.
Q3: So council members are not required to be validators? What are the requirements to be one?
Council members are not validators. Initially, governance set will consist of only validators, eventually they will start electing additional members to the governance set, who are not validators but can vote on the governance proposals. Those actors are called counselors. In order to become a counselor you have to meet the requirements in the Code of Conduct, and follow it after your election. Code of Conduct will be created and curated by the initial governance set, and will detail requirements such as providing utility to the network, possessing certain technical skills that will benefit the Kira Network, or others to be decided in the spirit of the technocratic governance system.
Q4: Where does the governance for Kira’s IBC logic happens?
Governance always happens on the most secure layer. It's a master-slave approach to governance, regardless of what is decided on the hub zones have to comply with it, unless they are just private chains or foreign bridges with independent security model. Zones could have a margin of independence but even in such cases, they would be managed through the hub. Exchange application has to be as lightweight as possible, especially in the context of later implementing privacy features. The beauty of the Internet Blockchain Communication is that important governance decisions can be taken on the more secure layers and applied to less secure ones.
Q5: What is Technocracy?
In the context of Kira, technocracy is a governance system where voting power is not proportional to your wealth but distributed equally among most technically skilled and trusted actors in the network who provide their input and help Kira constantly progress and expand. Stake can still be bonded to those validators in exchange for the proportional amount of rewards for the delegators but voting power are equal among entire governance set which prevents the vulnerabilities due to stake centralization.
Q6: What is enlightened democracy?
The enlightened democracy is the next stage of evolution in the technocracy governance system. During the technocracy era, only validators can vote on governance proposals to evolve, manage and improving the network. This initial set of validators is technically inclined set of actors operating and governing the network in accordance with the Code of Conduct. These actors will begin to elect new governance set members called “Counselors” who are chain conscious, and provide valuable technical and nontechnical input in regards to the network operations. Counselors are not validators and cannot propose new blocks. Once the number of counselors is greater than the number of validators in the governance set, the network is transformed from the technocratic to the enlightened democracy system, where non purely technical but chain conscious actors have full governance power over the network.