Agree on schedule for the balance of the Core Four deliverables; presentation on the Cheqd ToIP Layer 1 governance framework.
Agenda Items and Notes (including all relevant links)
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.
ACTION: Add links to the table of deliverables on the GSWG home page for each Working Group Approved Deliverable to the GSWG meeting page at which the deliverable was approved.
ACTION: Scott Perryand Drummond Reedto arrange a meeting with Savita Farooquito discuss preparing a blog post about the six GSWG approved deliverables that are ready to be approved.
ACTION: NEED for Drummond Reedto coordinate withVictor Syntezto convert the Introduction to ToIP V2 white paper into the ToIP Style Guide template.
ACTION: CHAIRS to add a requirement step in our document publish process for adding terms.
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.