Tuesday, February 18, 2025

DFINITY Foundation Proposes Governance Changes for Internet Computer Protocol

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KEY TAKEAWAYS

  • DFINITY Foundation plans to enhance governance for the Internet Computer Protocol by proposing changes to the Network Nervous System.
  • Users with neurons must periodically confirm their settings to maintain voting rewards, ensuring active participation in governance.
  • New voting power adjustments will impact inactive neurons, promoting active contribution to decision-making processes.
  • Community involvement is crucial, with ongoing discussions to refine the implementation of these governance changes.

The DFINITY Foundation has announced plans to enhance and decentralize governance for the Internet Computer Protocol (ICP) through proposed changes to the Network Nervous System (NNS) governance canister. These changes, detailed here, aim to improve the periodic confirmation of following settings for neurons, which are user-configured entities within the NNS.

The initiative, set to be proposed in early 2025, requires users with neurons configured to follow others to periodically confirm their settings to maintain voting rewards. This move is intended to ensure active participation in governance and prevent sleeper neurons from influencing decision-making processes.

Periodic Confirmation and Voting Power Adjustments

The concept of periodic confirmation was initially proposed by the community and refined through discussions on the Forum. The governance system will now track the last action performed by each neuron using a new attribute called voting_power_refreshed_timestamp_seconds. Neurons that remain inactive for over six months will see their voting power adjusted, impacting their influence on proposals.

Two types of voting power will be considered: deciding_voting_power, which affects proposal decisions, and potential_voting_power, which influences reward calculations. This adjustment aims to ensure that only active participants contribute to governance decisions, while still considering the potential voting power for reward distribution.

Implementation and Community Involvement

The DFINITY Foundation has outlined a release plan, subject to community approval through relevant proposals. The changes will require frontends and products integrating with governance to update their systems, ensuring users are informed about the need to confirm their following settings regularly.

For developers and product managers, the proposed API changes include new fields for tracking neuron activity and a command to refresh voting power. These updates are designed to facilitate user engagement and maintain the integrity of the governance process.

The community’s involvement has been crucial in shaping these changes, and ongoing discussions will continue to refine the implementation. Interested parties are encouraged to follow updates on the Forum to stay informed about the progress and contribute to the conversation.


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Neel Kapoor
Neel Kapoor
Neel Kapoor is a dedicated cryptocurrency enthusiast and blockchain expert at Coinsholder.com. With over a decade of experience, Neel offers insightful analysis and commentary on the latest trends and innovations in the crypto space. His clear and concise writing makes complex topics accessible to all readers.

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