December 15, 2022
Proof of authority mode (POA)
Web3 BlockChain team launch the product in Proof of Authority mode. During this time, most users will be able to:
- Claim tokens from their Ethereum contract,
- Stake tokens and declare their intent to validate or nominate.
February 3, 2023
Nominated Proof of Stake (NPoS)
During Nominated Proof of Stake, the network will run with a decentralized set of validators. During this phase, Web3 BlockChain will increase the number of validators in the set.
Once BlockChain team is confident that the network is working well, with no slashing due to client issues, functioning validator elections, the temporary key will issue a runtime upgrade that enables Blockchain's governance system.
April 15, 2023
Governance System
With the Governance system enabled, it can elect the first Council and Technical Committee and start accepting public proposals. It can take over most of the chain's decisions, with a few exceptions that will be fully removed in future updates.
BlockChain is fully in the hands of the token holders. One of the first features they will enable is token transfers with a runtime upgrade.
July 7, 2023
Future marked in grey?
BlockChain upgrades currently under development include the launch of parathreads. These and any subsequent upgrades can be enabled by the on-chain governance community once development, testing, benchmarking, and auditing are complete.
