Governance

Cryptographically secured distributed networks provide a neutral layer of decentralization, immutability, privacy and trust. Smart contracts can thus be used to both run provably fair electronic elections, or to buy them.

Given their significant and far-reaching implications designing an effective governance mechanism for decentralized systems is a strenuous task. Mere extrapolations of real-world governance models are proving naive, and many crypto-networks will likely die due to flawed governance once their network will reach a sufficiently high value for a range of decisive attacks to be warranted.

Thus, governance requires separate, in-depth consideration. The OneFinity governance model will be outlined in a future paper, to be released at a later stage, after the official launch of the OneFinity Network. Prior to that point, OneFinity will use a robust off-chain governance approach to ensure maximal speed and efficiency.