Governance System
Governance System
Network Structure
Four distinct types of miners, including developers, stakers, liquidity miners, and validators, produce, consume and harvest benefits horizontally across spatial areas of a nested structure of three blockchain infrastructure networks. The miners govern, manage the system, as individuals and within organizations, vertically across three levels of rule-ordered authority within the Telcoin Platform governance system.
Levels of Authority
Includes the operational, collective, and constitutional-choice levels of analysis. The outcomes of collective choices made higher levels of governance are rules that serve as inputs to create rules that authorize activities at lower levels.
Number of Layers
The Telcoin Platform is a nested structure of three blockchain infrastructure networks, including TAN, TELx, and Telcoin Network, each generating flows of TEL issuance that originate from a primary, renewable inventory (TEL Treasury), markets and products that are complementary, and systems that depend on each other to function.
Jurisdictional Areas
The Telcoin Platform can be analyzed from both global and local spatial scales for governance purposes.
Vertical Network Structure
The Telcoin governance system links individual miners, including stakers, developers, liquidity miners, and validators, vertically with other miners and a diversity of governance organizations across the operational, collective, and constitutional-choice levels of analysis.
Outcomes at the higher levels of governance create rules that structure interactions at the lower levels, and interactions at the lower levels produce outcomes that, through information sharing and evaluation processes, inform collective decisions at the higher levels.
Horizontal Network Structure
The Telcoin Platform’s nested structure of blockchain infrastructure networks creates horizontal links connecting miners with other miners and organizations across scales of the system and at all levels of authority in the governance system.
Centrality
Decision-making power in the Telcoin governance system is dispersed among many stakeholders, with power and control decentralized to four different types of miners, liquidity miners, stakers, developers, and validators, who collaborate to govern the platform.
Each Miner Group selects council members to represent their functionally differentiated, but interdependent interests on a diverse set of governing organizations (Miner Councils) including global, local, or cross-jurisdictional organizations which collectively cover the full range of governance activities.
Degree of Centrality across Levels of Authority
TAN
TELx
Telcoin Network
Modularity
Four, Plural Community, Telcoin Interest Groups
Stakers, Liquidity Miners, Developers, Validators are organized into separate modules or subsystems based on their functionally-differentiated interests in production and harvesting interactions with the system. This modular approach enables efficient co-production and co-management of platform products across different scales according to local information.
Miner Groups
Individual miners, based on their position, participate within Miner Groups and with other Groups to select and remove other miners into council member positions in Miner Councils.
Miner Councils
Miner Councils are collective-choice provisioning units which include global, local, and cross-jurisdictional policy-making organizations that each possess rights and authority to govern specific platform domains, and collectively cover the full range of governance activities.
The Miner Assembly
At the constitutional level of analysis, all four Miner Groups cooperate to pass proposals that alter the governance system and individual miner groups may alter their council members’ special duties independent of other groups.
The TAO
A special-purpose administration unit that facilitates governance activities, constructs and maintains systems, drives ecosystem devolopment internally and externally on behalf and at the direction and financing of Miner Councils.
Connectivity
Connected through Ecological Networks
The Miners are connected to each other by flows of complementary resources from the same system (ie the Platform) and depend on each other to produce and market platform products. These interactions generate local information about system conditions, economic efficiency, sustainability of TEL issuance, and market demand directly into the shared blockchain system.
Connected through Formal and Informal Social Networks
Recurring meetings serve to link miners to other miners and Miner Councils to share feedback from interactions, evaluate and propose alternatives to improve outcomes in light of evaluative criteria and shared preferences of individual miners.
Miner Councils must cooperate to pass policy and have structured rules and direct mechanisms for communicating with miners and other councils along with processes in place to enforce lack of compliance with collective-choice rules (e.g., abstention). Actors frequently share information through informal settings such as through impromptu talks in Discord and other social networks locally and online.
This high level of connectivity may enable effective communication and collaboration among the actors involved in governance.