Transforming governance: enabling scalable and adaptable decentralized networks on EVM-compatible blockchain
This article explores scalable and adaptable governance through decentralized networks, enabling collective decision-making and evolution without necessitating a complete system overhaul when original functionalities become obsolete. It delves into the utilization of interconnected Smart Contracts o...
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| Date: | 2024 |
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| Main Authors: | , , |
| Format: | Article |
| Language: | English |
| Published: |
Інститут програмних систем НАН України
2024
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| Subjects: | |
| Online Access: | https://pp.isofts.kiev.ua/index.php/ojs1/article/view/656 |
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| Journal Title: | Problems in programming |
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Problems in programming| Summary: | This article explores scalable and adaptable governance through decentralized networks, enabling collective decision-making and evolution without necessitating a complete system overhaul when original functionalities become obsolete. It delves into the utilization of interconnected Smart Contracts on the EVM-based blockchain to resolve foundational governance issues. However, the principal advantages are compromised if the system requires continual redeployment to adapt to environmental changes. We introduce a solution that combines a role-based access system and a modular system contracts architecture to enhance the system's scalability and adaptability. This approach allows for modifications and scaling at any time through community proposals and voting, catering to the specific needs of its members and eliminating the need for manual configuration by a centralized entity for new modules or functionalities. Members can propose configuration parameters for a new module, and with community majority approval, the system can adapt and scale, safeguarding the interests of its members, provided there is cooperation within the majority of the community.Prombles in programming 2024; 2-3: 351-358 |
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