Governance

Eventually, there will be no central authority in the Gora ecosystem , and once the project launches, the ecosystem’s automated and non-automated rules should allow it to govern itself.

The two key activities of Governance include decision making protocols and resolution mechanisms.

Decision making protocols allow participants to have a say in the processes of the ecosystem. Due to the nature of incomplete contracts, it’s hard to design systems that take into account all future outcomes and participant behaviours. GoraNetwork is going to adopt a DAO based approach, such that participants form a decentralized organizations.

The resolution mechanisms determine how problems are solved, and these are hardcoded into smart contract and node software. For example, when a goal is completed successfully by a participant, tokens will be released.

These hard coded resolution mechanisms can be altered in the future with the decision making protocols that are implemented.