Time

Agenda Item

Lead

Notes

5 min

• Start recording

• Welcome & antitrust notice

• Introduction of new members

• Agenda review

Chairs

• Antitrust Policy Notice: Attendees are reminded to adhere to the meeting agenda and not participate in activities prohibited under antitrust and competition laws. Only members of ToIP who have signed the necessary agreements are permitted to participate in this activity beyond an observer role.

• New Members:

5 mins

Review of action items from previous meeting

Chairs

5 mins

Special highlight: A16Z podcast mention of DIDs and decentralized security

@Scott Perry

• Scott to give an introduction to the Oct 15 A16Z podcast "Crypto Security and the New Web3 Mindsets for Users".

• Start at 27:00 and listen to 28:30 to hear the part about "a security network" (which pretty much exactly describes what we are building with ToIP).

• Then listen from 28:55 to 30:45 to understand why they recommend using DIDs to have as many keys as you want and be able to rotate keys.

5 mins

Task Force reports

TF Leads

• ToIP Stack Design Principles TF — @Drummond Reed

  • See Design Principles for the ToIP Stack (Google doc draft)

  • We have a complete first draft that is now in Community Review! <== HOORAY!

  • Drummond emailed the ToIP All-Member mailing list on Tuesday Nov 2

  • The Community Review will also be announced at the All-Member Meeting on Nov 10.

  • Working Group Approved Deliverable call for consensus in the Technical Stack WG will be Nov 15.

  • ToIP Approved Deliverable call for consensus process will start at ToIP Steering Committee meeting Nov 17 (one week).

• Governance Architecture TF — @Drummond Reed

  • Finalizing the ToIP Governance Architecture Specification, the ToIP Governance Metamodel Specification, and the ToIP Governance Metamodel Companion Guide is the next step.

  • Proposed plan:

    • Community Review Drafts circulated to GSWG mailing list by Nov 10.

    • Working Group Approved Deliverable call for consensus at next GSWG meeting Nov 18.

    • ToIP Approved Deliverable call for consensus at Steering Committee meeting Dec 1.

5 mins

ToIP Core terms wiki

@Drummond Reed

• Update on the process we need to put in place to start populating the ToIP Core terms wiki.

30 mins

Cheqd Governance Framework

@Alex Tweeddale

Presentation on the Cheqd ToIP Layer 1 Governance Framework

• Alex shared this link to the Cheqd GF: https://docs.cheqd.io/governance/ 

• There were many excellent questions during the presentation—some of them below.

• The governance model is based on using proof-of-stake (POS) using Cheqd tokens.

• Mary Lacity asked about how Cheqd would protect against the danger of centralization with POS.

  • Alex explained how the design is intended to maximize distribution of the Cheqd network.

• @Scott Perry asked about the danger that the Cheqd token holders act entirely in their self-interest and therefore the biggest stakeholders will dominate the voting and governance.

  • Alex offered several possible options for how excessive domination can be prevented, such as putting a limit on the total stake any one party can have for governance, and requiring a certain overall distribution of nodes.

5 mins

• Review decisions/action items

• Planning for next meeting 

Chairs

• Call for consensus for the ToIP Governance Architecture Specification, the ToIP Governance Metamodel Specification