Governance Nodes Meeting (Chinese) on April 30: About the First PoD Governance Vote
Meeting ID: NIP-CN-20200430
Time: Beijing time April 30, 2020, 15: 00-16: 00
15 members participated, including 林为民 (CVDIP237), Lavin (MRH2), Rudy (InfStones), Zoey (I.B.N.), Leec (NAX.one), 赵迎春 (链客), LK (链客), Linbo (NebulasFans), Roy (GoNebulas), 伯通 (KKL), 范超晨, and Nebula Foundation members: Hitters, Becky, Iris, Larry.
The first PoD governance vote on the mainnet started on April 29 at 23:35 pm (Beijing time). There will be 51 governance nodes to vote on more than 60 proposals and 2 projects. Click here to view the voting progress.
The governance node operators have discussed about 6 proposals related to PoD, Go.nebulas, etc., and exchanged opinions.
Part 1: 6 proposals
NIP232-PoD Penalty Rule Adjustment Proposal by Iris
Iris: Since each polling cycle is only about 52 minutes, it is too late to adjust when a leaked block occurs. 10 blocks missed directly and the 5% NAS is frozen. After discussing with nodes operators at the end of March, now we decide to make a change. Both the middle-risk and high-risk cases, as long as the block can be recovered within 200 short cycles (7 days), no deposit will be frozen. The deposit will be frozen if it cannot generate at least one block in 7 days. At the same time, node operators can still apply for unfreezing NAS during the PoD governance vote.
Becky: Now extending this period to 200 polling cycles is also considering the time to actually recover the block. 10 polling cycles (less than 10 hours) are too short, which is a bit difficult. But if it is stretched to 7 days, in general, blocks can be recovered.
Iris: Of course, we can’t say the node operator can generate one block in 200 polling cycles certainly. The situation is changing, perhaps other nodes got more votes. But if the situation wasn’t changed a lot, it can generally be restored.
NIP275-Modification of NAX average calculation, used to select nodes by Dustin
Becky: This proposal involves the adjustment of the PoD consensus nodes selection algorithm. When the block interrupt is currently selected, the proportion of NAX (NAX / total size of NAX) and random number will be considered. If you remove the first 6 routines with a higher NAX voting amount (because it is 100% selected), the total amount of NAX becomes smaller and the probability of routine selection increases.
Larry: Let me introduce the current algorithm. Random numbers account for 50%, and the number of votes accounts for 50%. The random number is 0-1 random.
Becky: (Oppose) I simply calculated, after adjusting the total amount of NAX, in fact it’s all the same for each node. Unless the proportion of the random number part is enlarged, then the current situation can be changed.
NIP274-modified the stability index of Nebulas nodes by Dustin
Becky: The initial block stability index for a new node is 0.8, and it will be 1 after the block was generated. Now this proposal suggests it should be 1 at first.
Hitters: For NIP275 and NIP274, some people do not understand why NAX is pledged and why we are committed to increasing the voting rate. This has 2 purposes:
- A higher voting rate can ensure system security, otherwise, the system can be forked at a lower cost directly.
- Increase the voting rate to make the market liquid and the supply and demand relationship healthier.
The role of the Nebulas Foundation is to do some supporting work. The Foundation will not participate in market competition.
Roy (GoNebulas): (Oppose) my node was punished, but it only took 2-3 days to recover. There is no problem with the current block stability index.
Rudy (InfStones): For NIP275 and NIP274, I understand that Hitters is looking at the problem from the perspective of mainnet security. I look at it from the perspective of how to participate in Nebulas. Some people are fans and are not developers. They are dStaking NAS and have a lot of NAX, they can participate without worry. Such people may not be able to find people who provide technical assistance, they just come in and vote.
Others are service providers, they are newcomers, haven’t NAX, but they know technology. It can provide technical services for people who are too lazy to build their own node.
The problem now is that people with NAX in their hands are more likely to choose old nodes that have stabilized blocks instead of new nodes. This is a challenge to the new nodes.
For example, the BTCU that I am familiar with has not recovered for a long time after being punished, and its NAX is not enough. But in fact, it has the ability to provide technical services.
NIP231-The increased number of additional required NAS pledges by Ravin
Ravin (MRH2): Each quarter we can increase the NAS pledged amount by a small amount to increase participation.
Zoey (I.B.N.): (Oppose) It is a very beginning period, it is recommended to be open and encourage everyone to participate. Don’t make it harder.
Rudy (InfStones): (Oppose) We have done many nodes, and none of the public chains’ pledges have improved over time. There are generally 2 types. One is to set up a deposit but it is fixed. The other is that although there is a deposit, the amount is very small, like cosmos.
Iris: (Oppose) Doubt about whether raising the pledge amount can increase activity.
NIP190 - How to reduce spam on the Go Nebulas portal and the amount of spam recommendation by GitMyCodeUp
Iris: This proposal suggests people should use a small amount of NAS / NAX to submit a proposal on go.nebulas.
Becky: It also provides a small destruction scenario, deflation opportunity.
Ravin (MRH2): (Support) Gradually there can be a little cost. Gradually and deflation is not the purpose. Mainly to make everyone take it seriously. Improve continuous quality.
Zoey (I.B.N.): (Oppose) There has no effect to attract new ones via this way. Perhaps It may have been developed for a long time but it has no practical significance.
Iris: Let me introduce the current situation. If the user does not write the description, we will ask him to write it more clearly. If he can’t, then this proposal will be closed. The governance nodes won’t vote for it. And the Nebulas Technical Committee will check the proposals and help the user to make a clearly amounts and working plan.
Becky: Sometimes for one job, one person offers 100 NAS, one person 10000NAS, then people will make different choices. Budget and execution are also important.
NIP104-Project Establishment Incentive Committee, by Komila
Iris: This proposal suggests when the proposal became a project, the user who submitted the proposal should own 5% reward.
Ravin (MRH2): (Support) I have said that there must be a reward since last year. Encourage excellent projects.
Iris: Let me introduce the situation now. There are prizes for excellent proposals and projects. For example, in 2019, excellent proposals and projects were selected by the community and got rewards. We can do this for half a year. We should follow the results. Some proposals are good, but if it can’t happen, then it is still not useful. For example building communities in different countries. The beginnings are all the same, but the results are very different.
And some proposals are useful but they can’t be projects. For example, adjusting PoD penalty rule. But these proposals can still join the selection.
Ravin (MRH2): I support the coexistence of two rewards. There is a 5% reward for what can be a project. But all the proposals/projects can participate in the selection.
Part II: Other issues
LK (链客): The problem we faced is that users can’t buy NAS and NAX via NAS nano pro directly. It’s not easy to join it, about 80% of users are lost in this process. It is recommended to increase the NAS nano pro, support purchase.
Leec (nax.one): We are working on the distribution tool, which is being tested and will be launched soon, and will be open-sourced for use by everyone.
Part III: How to vote
Please read Node Platform Help Document 2.4 Governance Vote.
- Please use the governance address to vote, if you haven’t changed it, it will be the same as sign-in address.
- When using the Chrome extension to vote, pay attention to adjust the Gas Limit from 400,000 to 800,000.
- Each time 1 NAX is directly destroyed. So at least prepare 65NAX for this vote. And about not more than 1 NAS as gas fee. Gas fee is 0.0004 NAS each time.
- The vote is on-chain and no one can change it. So please take care.
- You can see how many you voted on the voting page. And pay attention to the tab, don’t forget to vote for the projects and node claim.
- Be sure to complete all 65 proposals/projects before 8:35 in the morning of May 4th, Beijing time to receive the 816 NAS governance award.
- Governance rewards will be delivered to the governance address after the end of the governance cycle, which will be issued on May 29.