The original intent of Peerplays was to operate as a Decentralized Autonomous Cooperative (DAC) where DPOS enables the voting collective of core token holders to determine whom would act as Advisors, Witness, and Proposals within Peerplays. However, the challenges of voter turnout continue to plague Peerplays like other DPOS based blockchains such as Bitshares, Steem, and EOS. This proposal aims to resolve this issue by attaching a rewards mechanism in the blockchain directly to the voting activity.
This protocol change will convert Peerplays blockchain from a DPOS consensus to a GPOS consensus, Gamified Proof of Stake. The PPY token will continue to operate as a core token to the Peerplays blockchain essential for all core blockchain operations.
The original intent of Peerplays was to operate as a Decentralized Autonomous Cooperative (DAC) where DPOS enables the voting collective of core token holders to determine whom would act as Advisors, Witness, and Proposals within Peerplays. However, the challenges of voter turnout continue to plague Peerplays like other DPOS based blockchains such as Bitshares, Steem, and EOS. This proposal aims to resolve this issue by attaching a rewards mechanism in the blockchain directly to the voting activity.
This protocol change will convert Peerplays blockchain from a DPOS consensus to a GPOS consensus, Gamified Proof of Stake. The PPY token will continue to operate as a core token to the Peerplays blockchain essential for all core blockchain operations.