Until now, us comrads have lacked the tools to express their opinions and ideas effectively to the protocol. Stakeholders were unable to actively participate in the governance of Commune beyond allocation of rewards, relying on central authority. Today this changes.
Yesterday 3 of the 5 multisignature sudo keys performed a runtime update to implement an onchain proposal-based governance mechanism. Today CommuneX, a independent group of community members, finished an accessible governance UX to create and vote on proposals onchain through a simple interface. The CommuneX CLI also supports all governance features.
This makes onchain governance participation widely accessible, laying the foundations for the decentralized stakeholder community to take increasing control over the governance of Commune.
All future changes to Commune should first have to pass as a proposal. As the mechanism matures and the workflow becomes familiar, the goal is to remove the multisignature sudo key fully from the protocol.
Todays update marks the beginnings of a new era in the evolution of Commune, giving comrads a platform to implement their ideas no matter of their origin without relying on approval by a central authority, or equally reject ideas the majority disagrees with.
We believe Commune is primed to be the first actually fully decentralized AI protocol. Another important component to that is full chain decentralization. Currently the Commune blockchain, similar to Bittensor and other decentralized AI protocols, runs on proof-of-authority mode. Meaning there is a central authority that has sole control over what blocks get finalized and what transactions get accepted. No project is actually decentralized as long as this is the case.
Because of this, CommuneX is very interested in transitioning the Commune blockchain to proof-of-stake mode allowing every Stakeholder to participate in blockchain validation based on a PoS consensus. One thing after the other, but we plan to submit a proposal and if it passes ensure a clean and secure implementation.
We are excited about the future of Commune, if the incentives v1 proposal passes it can be implemented immediately as the code is already tested and ready. We are making fast paced steps towards a prosperous ecosystem and want to encourage anyone reading this to realize the opportunity of positioning themselves early as a builder within it.
Forward 🫡