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CGS (CGS)

Good governance is a key point when we talk about decentralized networks in general, or blockchain in particular. Decentralized networks break with the traditional hierarchical models (vertical) and facilitates a model in which hierarchy does not exist (horizontal). In this sense, different groups of participants have different and common interests. Having a strong governance system to rule them is crucial. It is essential to maintain the incentives of those participants aligned. Therefore, the system needs mechanisms to coordinate those participants around their common incentives, and avoid imbalances in their powers. Governance could be exercised on-chain or off-chain. On one hand, on-chain governance mechanisms could both ensure that a process is properly followed and allows fast decision making. However, it will not be easy to change an on-chain governance mechanism once it is established. Furthermore, if it is not well designed, it is exposed to exploits and hacks. On the other hand, off-chain governance mechanisms (i.e. Bitcoin Improvements Proposals -BIPs – and mailing lists in the case of Bitcoin) could be modified easily but it makes the coordination of its participants more difficult.

Type Token
Website Open
Total Supply 70,000,000
Whitepaper View
Bitcoin Talk Open
Token Sale Start Date 17-Sep-2018
Token Sale End Date 15-Oct-18
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