October 2022 Governance Recap

The 0L Community recently concluded its first round of collaborative, decentralized strategic planning. Starting first with rounds of guided discussion on the RadicalxChange Voice platform, the process culminated with a set of eight proposals for community vote. In this blog post, we’re going to take a brief look at the contents of those proposals and reflect on the outcomes of the vote. 

The Voting Process

Seven of the eight proposals gave voters a yes-or-no binary option for voting. The eighth proposal was comprised of four parts that needed to be voted on independently. The voting platform was RadicalxChange Voice, which gives all voters an equal amount of “credits”, which can be used to vote more than once for any proposal they feel strongly about, allowing them to express how committed they are to that result (note this factor is expressed below as “voting power” which expresses the total commitment of both positive and negative votes).…

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Spring Forward 

Growth requires challenge. 

There was plenty of such fuel over the last several weeks, challenging our community to run a functional and fair network that is more poised for growth. This announcement will detail what has happened, how we addressed it and how, along the way, we solved a number of different problems and improved prospects going forward.

On 9 April 2022, the 0L Network halted. Multiple factors combined to create the incident; factors that started small and cascaded until the entire network ceased to produce blocks. While the detailed causes and the technical forensics have been discussed at length in our community meetings, the important point to raise here is that the halt was avoidable – or rather would have been avoidable – had a sufficient number within our validator community been more attentive to their machines and taken steps in a timely fashion.…

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Future-Proofing the Economics of Blockchains (Pt. 3)


Incentives are hard. There are many different stakeholders in a healthy economy and the needs of those stakeholders can be a moving target. Advanced mechanisms are employed to address the trade-off between clear rules and adaptive capacity. Polycentric programs with community wallets provide a means of voluntarily contributing to capex, while thermostatic security dynamically rebalances validator rewards based on validator count in order to manage opex. Furthermore, incentive alignment between network operators and end users is enhanced via two mechanisms: i) the introduction of slow wallets for validators which rate limit the availability to spend their rewards and ii) the introduction of an identity subsidy whereby end users may submit proofs of elapsed time to establish persistent identities and earn rewards (which do not have spending rate limits).…

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Future-Proofing the Economics of Blockchains (Pts 1 & 2)


A transformation in society is taking place and layer-1 computational blockchains are the substrate. While the economic fortunes of layer-1 computational blockchains may wax and wane, the goal of the collective behind them should be to transition their economic stake from the infrastructure layer into the application layer. This leap will take time, and most blockchains will not make the leap. Coordinating the labor and care that goes into the work of producing a blockchain that can make the leap is not trivial. We propose some principles so that blockchains can successfully cross over to that shore when the day comes.…

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The Rulebook at Genesis

As you can see in our write ups mentioned above, we do things a little differently around here: We had no venture investors, there is no premine, no foundation with tokens, and anyone with a laptop can participate and earn coins. Here’s a quick reference to the policies implemented at genesis:


  • Rewards are paid at the end of each “Epoch”, daily at 16:00 UTC.
  • The majority of the rewards will go to Validator Nodes, you’ll need a cloud host to be successful at this (you can’t do this with a laptop, and you need to be somewhat technical). Transaction fees are the principal source of rewards, but they can be augmented by Guaranteed Minimum subsidies.
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