The Dock Mainet, Vulcan, will initially use a Proof-of-Authority (PoA) consensus mechanism where time will be split into fixed intervals and each validator will have an equal chance to produce blocks on a round-robin basis.
Circa 200M Dock tokens dedicated to rewards will be released over 25 years. The number of validators will be capped at around 50. The proposed token release schedule is as follows:
Just as the start of the validator test network signals the start of the Dock network infrastructure being decentralized we are also taking steps to ensure decentralized network governance. To that end, we have set up a Swiss non-profit organization that will manage the treasury funds and oversee the development, governance and promotion of the network.
The council will consist of anywhere between 3 and 15 members and selection of council members is ongoing and the association is seeking diversity within the council to provide a wide range of skills and perspectives. For expediency the initial council members will be selected by Dock but this will transition to a more democratic voting process in the near future.
1. Fill out the the Expression of interest form
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