Q1: What is Kira’s governance structure?
The governance set of Kira consists of the following two kinds of actors:
Validators - these have equal voting power to all other members of the governance set and they can vote VETO on governance proposals. Validators account for >= 1/3rd of all governance seats. To vote, they must also be active operators and not 'jailed', that is, currently being penalized for an infraction.
Council Members - these actors do not operate validator nodes. They have equal voting power to all other governance 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 partner enables you to participate (as a validator) in the 'token mining' event that will occur at the launch of the Kira network. You'll also be able to earn revenue from block, network and exchange fee rewards, as well as mining the KEX token itself. In addition to becoming a validator, partners will also be granted a governance seat.
Additionally, partners benefit from tailored agreements with the Kira Team, such as customization of the token issuance module, long term support (LTS) for our open-source development stack and whitelisting of tokens for Multi Bonded Proof of Stake consensus. The latter enables partners to earn a share of exchange revenues, 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?
Initially, the governance set will consist only of validators, but eventually, additional members will be elected. These actors, called counselors, are not validators but may vote on governance proposals. In order to become a counselor one must meet the requirements set out in the Code of Conduct, and adhere to these rules when elected. The Code of Conduct will be created (and curated) by the initial governance set and will detail obligations such as providing utility to the network, possessing certain technical skills that will benefit the Kira ecosystem, and many further requirements that will be decided upon in the spirit of creating a technocratic system of governance.
Q4: Where does the governance for Kira’s IBC logic happen?
Governance always operates on the most secure layer. We employ a master-slave approach to governance, so all zones must comply with whatever is decided on the hub, unless they are private chains or foreign bridges with an independent security model. The beauty of IBC is that important governance decisions can be taken on the most secure layers and applied to the less secure ones.
Zones can have a margin of independence, but even in these cases, the overall bounds would be managed via the hub. The exchange application must to be as lightweight as possible, which will become especially important as we implement privacy features in the future.
Q5: What is 'Technocracy'?
In the context of Kira, technocracy describes a system of governance where voting power is not proportional to wealth, but instead, is distributed equally amongst most technically skilled and trusted actors in the network. These individuals can be counted upon to provide guidance and to help the Kira project evolve and expand. Stake can still be bonded to those validators (by delegators) in exchange for a proportional share of rewards, but the voting power of all members of the governance set remains uniform. This also serves to mitigate vulnerabilities that can arise due to centralization of stake.
Q6: What is 'Enlightened Democracy'?
Enlightened democracy is the next stage of evolution after the 'Technocracy' system of governance. During the technocracy era, only validators are able to vote on governance proposals. Our initial validator set will be a technically sophisticated group of actors who will operate in accordance with our Code of Conduct. As we move toward the enlightened democracy era, validators will begin to elect new governance members called 'Counselors'. These individuals are 'chain conscious' and will provide valuable technical (and nontechnical) input into network operations, however, they are not validators and will not propose new blocks. Once the number of counselors is greater than the number of validators, the network is considered to have transitioned from technocracy to enlightened democracy.