"One of the fundamental principles of open decentralized protocols is that they should be self-governing based on their built-in mechanisms, without any central authority or controlling entity. In addition, our protocol, which stores data permanently, needs to be able to adapt to an environment that will inevitably shift in unpredictable ways over time. Without proper mechanisms in place to allow for upgrades and innovation, a protocol risks becoming stagnant, vulnerable to exploits, and inadequate for new use cases.
Many protocols have codified governance mechanisms in an attempt to address similar needs. Unfortunately, many of the current practices of governance, such as token voting DAOs, have proven to be less robust than initially hoped. Recent cases of dysfunction in Uniswap and MakerDAO — amongst many others — illustrate examples of governance slipping back to the behaviors of traditional companies, abandoning the core principle of guaranteed immutable rights for users. These dynamics pose serious threats to the neutrality, utility, and longevity of these protocols.
To avoid these problems, Arweave embraces an entirely different approach: protocol evolution. Outlined in The Framework for Evolving Arweave, launched today, protocol evolution enables a thoroughly resilient and market-based process for network upgrades that embraces competition."
https://scribe.rip/@arweave/arweave-is-an-evolutionary-protocol-e072f5e69eaa
archerships / Archer Ships
npub1sx…ak49e
2023-11-05 22:15:56
Author Public Key
npub1sx7d85ccx0pc2zk99t8glywc9hsy96fj67a3lgxmxew7h35dwp8shak49ePublished at
2023-11-05 22:15:56Event JSON
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"pubkey": "81bcd3d31833c3850ac52ace8f91d82de042e932d7bb1fa0db365debc68d704f",
"created_at": 1699222556,
"kind": 1,
"tags": [],
"content": "\"One of the fundamental principles of open decentralized protocols is that they should be self-governing based on their built-in mechanisms, without any central authority or controlling entity. In addition, our protocol, which stores data permanently, needs to be able to adapt to an environment that will inevitably shift in unpredictable ways over time. Without proper mechanisms in place to allow for upgrades and innovation, a protocol risks becoming stagnant, vulnerable to exploits, and inadequate for new use cases.\n\nMany protocols have codified governance mechanisms in an attempt to address similar needs. Unfortunately, many of the current practices of governance, such as token voting DAOs, have proven to be less robust than initially hoped. Recent cases of dysfunction in Uniswap and MakerDAO — amongst many others — illustrate examples of governance slipping back to the behaviors of traditional companies, abandoning the core principle of guaranteed immutable rights for users. These dynamics pose serious threats to the neutrality, utility, and longevity of these protocols.\n\nTo avoid these problems, Arweave embraces an entirely different approach: protocol evolution. Outlined in The Framework for Evolving Arweave, launched today, protocol evolution enables a thoroughly resilient and market-based process for network upgrades that embraces competition.\"\n\nhttps://scribe.rip/@arweave/arweave-is-an-evolutionary-protocol-e072f5e69eaa",
"sig": "93e0f0dbbbf0e0e55d18b419090fedbd619fcc186bce16e4255e0190e23d4946b05b005d304944fe833d4d61662d290873ce46acb4cd0a51ee6402502ae846df"
}