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Qwertycoin Whitepaper
  • Cover Page
  • Credits
  • Index
  • Introduction
  • Vision
    • Vision
    • Blockchain Development Roadmap
    • Exchange Listing and Pricing Strategies
  • Consensus
    • [Outdated] CryptoNote Proof of Work
      • CryptoNote block reward scheme calculation
        • An example of CryptoNote block reward scheme manipulation
    • Egalitarian Proof of Work (EPoW)
      • Introduction of EPoW block reward algorithm based on Consistency
        • An example of how QWC prevented CryptoNote block reward manipulation
      • Difficulty Algorithm - CIMA (Confidence Interval Moving Average)
        • Testnet Result
      • Difficulty Algorithm - CLIF (Critical Level Impediment Failsafe)
        • Testnet Result
      • Do you want to make EPoW more egalitarian by switching mining algorithm?
    • Transition from PoW to PoS
    • Egalitarian Proof of Stake (EPoS) - Hybrid PoS/dPoS
      • Sharding
    • Egalitarian Proof of Service (EPoSe) - Hybrid EPoW/EPoS
  • Scalability
    • Genesis Reference Block (GRB)
    • Consolidation
    • Pruning
  • Blockchain Governance
    • FATF Compliance
    • 10% Governance Fee
    • Community Voting
  • DeFi Tranasactions
    • Time Locked Transaction (TLT)
    • Long Term Staking (LTS)
    • On-Chain Trade (OCT)
  • Smart Contracts
    • Multi-Signature
    • NFT(Non Fungible Token)
  • Features
    • LMDB (Lightening Memory Mapped Database)
  • Future Directions
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  1. Blockchain Governance

Community Voting

Last Updated 2020-08-04

Previous10% Governance FeeNextTime Locked Transaction (TLT)

Last updated 4 years ago

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Currently, QWC uses an online voting system .

The notion behind our voting system is not about equal right for everyone. It is about how much members are willing to spend on decisions they want to influence. So yes, you will have to spend your coins to voice your opinion and there is no minimum nor maximum number of coins one can vote.

This type of voting is more democratic because the power that can influence decisions does not stay within one person or group over time. Everyone has to earn the rights.

QWC team (a centralized body that consists of a group of people who volunteer to provide services) reflects the decisions of QWC community through a community voting system. All QWC members can participate in making community-wide decisions.

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