Governance
The Concordium Foundation is a Swiss-based non-profit with the goal to build the world’s leading open-source, permissionless, and decentralized blockchain with built-in user identity at the protocol level. Concordium supports regulatory compliance, allowing businesses to harness the power of blockchain technology.
Introduction
The Concordium Foundation is supervised by the Swiss authorities, with a clear purpose defined in its Public Deed. The Foundation Board is tasked with ensuring that the Concordium protocol continues to develop and remain relevant to the needs of users within the parameters of the Foundation's purpose.
Concordium CCD Stakeholders will assume a central role in suggesting and determining the priorities for the Concordium platform through the Governance Committee, whilst the Board will act as a guarantor that the Concordium principles of privacy with accountability and the Public Deed of the Concordium Foundation (Link) are adhered to. The Foundation Board will retain the role as supreme body of the Foundation after full decentralization, but key functions will be delegated to the Governance Committee.
After the Launch of the Mainnet
The Concordium Foundation Board will appoint a Governance Committee with five members to oversee the governance decentralization process, the on-chain governance mechanisms, and the tokenomics, including the CCD growth rate & inflation. At this stage, the Governance Committee is 100% appointed by the Concordium Foundation Board.
Upcoming stages
Mainnet + 2 years
CCD Stakeholders appoint two members of the Governance Committee by on-chain vote, expanding the Committee from five to seven members. The Governance Committee can propose changes to the protocol on-chain.
Mainnet +4 years
CCD Stakeholders appoint two further members of the Governance Committee by on-chain vote, expanding the Committee from seven to nine members. Stakeholders can propose changes to the protocol and vote on the changes on-chain. The Governance Committee will oversee the implementation and ordering of decisions made by the Stakeholders.
Mainnet +6 years
CCD Stakeholders appoint two further members of the Governance Committee by on-chain vote, replacing two of the initial five Committee seats appointed by the Foundation Board. The Committee’s total membership remains at nine members, with two seats up for election every year. CCD Stakeholders can implement changes to the protocol. The Governance Committee acts as the executor of decisions passed by the Stakeholders.
Mainnet +8 years
Governance Committee Decisions
GP-001
2021-09-22 08:00:00.00 UTC+2
Update the minimum staked amount for becoming a baker to 14000.000000 CCD
074efcb25805a16000a58a81033d673e053354c269b105798d23c4d21107b406
2021-09-22 08:00:00.00 UTC+2
Update the CCD to Euro conversion rate to 1 EUR = 2.777778 CCD
4f549e9bc65d28dff235a3370efdd4c1602d784d42ce949a4b87dd342259efac
GP-002
2021-10-13 13:00:00.00 UTC+3
Update the protocol: Enable transfer memos specification
81bec0077c29616799e4ad9ccde28b5de76c218045eea036a173a2441725fdb3
GP-003
2022-01-11 13:00:00.00 UTC+3
Add a new identity provider.
Name: Digital Trust Solutions.
Identity: 2.
Description: Identity verified by Digital Trust Solutions on behalf of Concordium.
Website: www.digitaltrustsolutions.nl
66421677fea622ea3c976d1baee89b17f3abf016104399f802201be499ee5ae3
GP-004
2022-01-11 14:00:00.00 UTC+3
Update the protocol: Enable account aliases specification
da7ad0050ac7352183b5731ec81d9b39a064248ba9c4acb8d12daa678040db43
GP-005
2022-01-26 17:30:00.00 UTC+3
Update the chain-update level 2 keys
82d992ed67bfa344c42865d894a6c5195823e3921b713056c4c5a1abfe30065b
