DeFiChain Blog

The Grand Central Hardfork is the final update for DeFiChain this year, and is one of the biggest and most monumental updates of 2022. This Hardfork comprises of 4 main features: On-chain governance Token consortium framework Support for masternode parameter updates (owner, operator, reward address) Pool commission and reward fixes Upon closer examination, it includes notable features such as the long-awaited on-chain governance and consortium. This Hardfork addresses some of the long-awaited product debt and prepares the DeFiChain community for more explosive growth in 2023. In this blogpost, we will share more details about some of the more significant features in this Hardfork. What is DeFiChain On-Chain Governance and how does it benefit the community? To make changes in the DeFiChain ecosystem, we can submit proposals (3 types) to be voted on by masternode owners: Community development fund request proposal (also known as Community Fund Proposal; CFP) Vote of confidence (also know...

DeFiChain is one of the world's most decentralized blockchain networks, but as with any code written by humans, it needs to continuously improve and adapt to stay at the forefront of technological development. The changes and implementation of code are not carried out arbitrarily, but rather, they follow a sophisticated voting process that is meticulously orchestrated. As a result, every stakeholder in the DeFiChain ecosystem has the opportunity and right to propose improvements to the code base through a DeFiChain Improvement Proposals (DFIPs) as well as to request funding of projects that benefit the broader DeFiChain community (CFPs). In addition, Masternode holders are entitled to cast their vote on DFIPs and CFPs, making DeFiChain a truly community driven and decentralized project. The voting round for November is now open Masternodes, to the consoles! The latest voting round of 2022 will commence on Monday, 14 November 2022 23:59:59 UTC and will end on Monday, 21 November 202...