The Calamari Network, a decentralized peer-to-peer digital content platform built on the EOS blockchain is announcing community governance measures designed to help achieve continued decentralization.
The “what is calamari network” is a question that many people ask themselves. Calamari Network has recently released community governance measures as decentralization efforts advance.
14 January 2022, Boston, Massachusetts Chainwire
A New Feature Will Encourage Broader Community Participation In Important Network Decisions
The community governance functionality for Calamari Network, a Kusama-based network, has been released by Manta Network, a platform-based DeFi privacy protocol. Through a runtime update earlier this year, the Manta team has enabled on Calamari the functionalities required for on-chain governance.
The primary community governance function is now operational, and several more features are in the works. The implementation of the governance function on Calamari is an important turning point for the Manta team as an ecosystem that is quickly developing. Recently, Runtime Upgrade 3.1.1, which updated the Calamari Network’s software based on community governance, went live on January 7, 2021, opening a new chapter in the relay chain’s decentralization.
After the update, the core development of the Manta Network will no longer be allowed to add or remove any features without getting community approval. The community will now decide on any proposed modification to the Calamari Network, and this decision-making process will be separated into three phases: the launch period, the voting period, and the enactment period.
The community will now be divided into three different factions, all of which will participate in governance. The Council, a trio of members of the Manta Core Development Team, will choose and submit ideas for community voting.
“Public Token Holders” are everyone who owns the native Calamari (KMA) token. Holders may vote on proposals that have been designated as referendums and support initiatives that are seeking to become referendums by using their stake.
The “Technical Committee,” which consists of three members of the Manta Core Development team, is the last group. They are in charge of accelerating the three stages and making sure that the community approves referendums unanimously.
The Manta team has advanced significantly in terms of development during 2021. The Manta ecosystem is swiftly establishing itself as the go-to privacy-focused solution for DeFi, with the rollout of the mainnet version, participation in and receipt of awards, execution of many runtime improvements, introduction of the Dolphin testnet, and now the community governance update.
Regarding Manta Network
An AM DEX and a payment system with built-in privacy are only two of the solutions offered by Manta Network, which is the on-chain privacy solution for blockchain assets. The team was established in 2020 and is made up of academics, professors, and cryptocurrency experts with backgrounds in Harvard, MIT, and Algorand. In addition to the support of the Web3 Foundation, Hypersphere Ventures co-founder Jack Platts, Polychain partner Tekin Salimi, and former Web3 Foundation co-founder Ashley Tyson, Manta Network also has the backing of numerous additional venture capital companies and angel investors.
- Kenny Li
- [email protected]