Transaction Details

{
  "0b5f9ded2de9d1782c9304a98d1ebf47735d577992a576727eb64596": {
    "CARDANO_CONSTITUTION_7": {
      "name": "CARDANO BLOCKCHAIN ECOSYSTEM CONSTITUTION",
      "Guide": {
        "Back": "https://pool.pm/asset18sapf5y09vpyq704zrvf5w4halz7uz9w6pazph",
        "Next": "https://twitter.com/_ThisCr8zyLife_"
      },
      "files": [
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          "src": "ipfs://Qme6Yf8jhnTJUaTz5Pcx1JX19NbTxM52xsDrXx4E8XUfrX",
          "name": "CARDANO BLOCKCHAIN ECOSYSTEM CONSTITUTION.pdf",
          "mediaType": "application/pdf"
        }
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      "image": "ipfs://QmPNRVRwc9i2aTwcQU1X3y2eLKBVqycQFzSDmqfqTAZWxR",
      "mediaType": "image/jpeg",
      "CONSTITUTION": [
        " # CARDANO BLOCKCHAIN ECOSYSTEM CONSTITUTION",
        " ## APPENDIX I - CONTINUED 3",
        " ##### GUARDRAILS",
        " VT-GEN-01 (y) All thresholds **must** be greater than",
        "50% and less than or equal to 100%",
        " VT-GEN-02a (y) Economic, network and technical/security",
        "parameter thresholds **must** be in the range 51%-75%",
        " VT-GEN-03 (y) Governance parameter thresholds **must**",
        "be in the range 75%-90%",
        " VT-HF-01 (y) **Hard fork** action thresholds **must**",
        "be in the range 51%-80%",
        " VT-CON-01 (y) **New Constitution or Guardrails Script",
        "action** thresholds **must** be in the range 65%-90%",
        " VT-CC-01 (y) **Update Constitutional Committee action**",
        "thresholds **must** be in the range 51%-90%",
        " VT-NC-01 (y) **No confidence** action thresholds",
        "**must** be in the range 51%-75%",
        " #### Governance Action Lifetime (govActionLifetime)",
        " The period after which a governance action will expire",
        "if it is not enacted - as a whole number of epochs",
        " ##### GUARDRAILS",
        " GAL-01 (y) *govActionLifetime* **must not** be lower",
        "than 1 epoch (5 days)",
        " GAL-03 (x - \"should\") *govActionLifetime* **should",
        "not** be lower than 2 epochs (10 days)",
        " GAL-02 (y) *govActionLifetime* **must not** exceed 15",
        "epochs (75 days)",
        " GAL-04 (x - \"should\") *govActionLifetime* **should** be",
        "calibrated in human terms (eg 30 days, two weeks), to",
        "allow sufficient time for voting etc. to take place",
        " GAL-05 (~ - no access to existing parameter values)",
        "*govActionLifetime* **must** be less than *dRepActivity*",
        " #### Maximum Constitutional Committee Term",
        "(committeeMaxTermLength)",
        " The limit on the maximum term length that a committee",
        "member may serve",
        " ##### GUARDRAILS",
        " CMTL-01a (y) *committeeMaxTermLength* **must not** be",
        "zero",
        " CMTL-02a (y) *committeeMaxTermLength* **must not** be",
        "negative",
        " CMTL-03a (y) *committeeMaxTermLength* **must not** be",
        "lower than 18 epochs (90 days, or approximately 3",
        "months)",
        " CMTL-04a (y) *committeeMaxTermLength* **must not**",
        "exceed 293 epochs (approximately 4 years)",
        " CMTL-05a (x - \"should\") *committeeMaxTermLength*",
        "**should not** exceed 220 epochs (approximately 3 years)",
        " #### The minimum size of the Constitutional Committee",
        "(committeeMinSize)",
        " The least number of members that can be included in a",
        "Constitutional Committee following a governance action",
        "to change the Constitutional Committee.",
        " ##### GUARDRAILS",
        " CMS-01 (y) *committeeMinSize* **must not** be negative",
        " CMS-02 (y) *committeeMinSize* **must not** be lower",
        "than 3",
        " CMS-03 (y) *committeeMinSize* **must not** exceed 10",
        " ### 2.6. Monitoring and Reversion of Parameter Changes",
        " All network parameter changes **must be** monitored",
        "carefully for no less than 2 epochs (10 days)",
        " - Changes **must** be reverted as soon as possible if",
        "block propagation delays exceed 4.5s for more than 5% of",
        "blocks over any 6 hour rolling window",
        " All other parameter changes should be monitored",
        " - The reversion plan **should** be implemented if the",
        "overall effect on performance, security, functionality",
        "or long-term sustainability is unacceptable.",
        " A specific reversion/recovery plan **must be** produced",
        "for each parameter change. This plan must include:",
        " - Which parameters need to change and in which ways in",
        "order to return to the previous state (or a similar",
        "state)",
        " - How to recover the network in the event of disastrous",
        "failure",
        " This plan **should** be followed if problems are",
        "observed following the parameter change. Note that not",
        "all changes can be reverted. Additional care must be",
        "taken when making changes to these parameters.",
        " ### 2.7. Non-Updatable Protocol Parameters",
        " Some fundamental protocol parameters cannot be changed",
        "by the Protocol Parameter Update governance action.",
        "These parameters can only be changed in a new Genesis",
        "file as part of a hard fork. It is not necessary to",
        "provide specific guardrails on updating these",
        "parameters.",
        " ### 3. Guardrails and Guidelines on Treasury Withdrawal",
        "Actions",
        " **Treasury withdrawal** actions specify the destination",
        "and amount of a number of withdrawals from the Cardano",
        "treasury.",
        " ##### GUARDRAILS",
        " TREASURY-01a (x) A net change limit for the Cardano",
        "treasury's balance per period of time **must** be agreed",
        "by the DReps via an on-chain governance action with a",
        "threshold of greater than 50% of the active voting stake",
        " TREASURY-02a (x) Withdrawals from the Cardano",
        "Blockchain treasury made pursuant to an approved Cardano",
        "Blockchain ecosystem budget **must not** exceed the net",
        "change limit for the Cardano Treasury's balance per",
        "period of time",
        " TREASURY-03a (x) Withdrawals from the Cardano",
        "Blockchain treasury **must** be denominated in ada",
        " TREASURY-04a (x) Withdrawals from the Cardano",
        "Blockchain treasury **must not** be ratified until there",
        "is a Cardano Community approved Cardano Blockchain",
        "ecosystem budget then in effect pursuant to a previous",
        "on-chain governance action agreed by the DReps with a",
        "threshold of greater than 50% of the active voting stake",
        " ### 4. Guardrails and Guidelines on Hard Fork",
        "Initiation Actions",
        " The **hard fork initiation** action requires both a new",
        "major and a new minor protocol version to be specified.",
        " - As positive integers",
        " As the result of a hard fork, new updatable protocol",
        "parameters may be introduced. Guardrails may be defined",
        "for these parameters, which will take effect following",
        "the hard fork. Existing updatable protocol parameters",
        "may also be deprecated by the hard fork, in which case",
        "the guardrails become obsolete for all future changes.",
        " ##### GUARDRAILS",
        " HARDFORK-01 (~ - no access to existing parameter",
        "values) The major protocol version **must** be the same",
        "as or one greater than the major version that will be",
        "enacted immediately prior to this change. If the major",
        "protocol version is one greater, then the minor protocol",
        "version **must** be zero",
        " HARDFORK-02a (~ - no access to existing parameter",
        "values) Unless the major protocol version is also",
        "changed, the minor protocol version **must** be greater",
        "than the minor version that will be enacted immediately",
        "prior to this change",
        " HARDFORK-03 (~ - no access to existing parameter",
        "values) At least one of the protocol versions (major or",
        "minor or both) **must** change",
        " HARDFORK-04a (x) At least 85% of stake pools by active",
        "stake **should** have upgraded to a Cardano Blockchain",
        "node version that is capable of processing the rules",
        "associated with the new protocol version",
        " HARDFORK-05 (x) Any new updatable protocol parameters",
        "that are introduced with a hard fork **must** be",
        "included in this Appendix and suitable guardrails",
        "defined for those parameters",
        " HARDFORK-06 (x) Settings for any new protocol",
        "parameters that are introduced with a hard fork **must**",
        "be included in the appropriate Genesis file",
        " HARDFORK-07 (x) Any deprecated protocol parameters",
        "**must** be indicated in this Appendix",
        " HARDFORK-08 (~ - no access to *Plutus cost model*",
        "parameters) New Plutus versions **must** be supported by",
        "a version-specific *Plutus cost model* that covers each",
        "primitive that is available in the new Plutus version",
        " ### 5. Guardrails and Guidelines on Update",
        "Constitutional Committee or Threshold Actions",
        " **Update Constitutional Committee or Threshold**",
        "governance actions may change the size, composition or",
        "required voting thresholds for the Constitutional",
        "Committee.",
        " ##### GUARDRAILS",
        " UPDATE-CC-01a (x) **Update Constitutional Committee",
        "and/or threshold** **and/or term** governance actions",
        "**must not** be ratified until ada holders have ratified",
        "through an on-chain governance action this Constitution",
        " ### 6. Guardrails and Guidelines on New Constitution or",
        "Guardrails Script Actions",
        " New constitution or Guardrails Script actions change",
        "the hash of the on-chain Constitution and the associated",
        "Guardrails Script.",
        " ##### GUARDRAILS",
        " NEW-CONSTITUTION-01a (x) A **New Constitution** **or",
        "Guardrails Script** governance action **must** be",
        "submitted to define any required guardrails for new",
        "parameters that are introduced via a Hard Fork",
        "governance action",
        " NEW-CONSTITUTION-02 (x) If specified, the new",
        "Guardrails Script must be consistent with this",
        "Constitution",
        " ### 7. Guardrails and Guidelines on No Confidence",
        "Actions",
        " **No confidence** actions signal a state of no",
        "confidence in the governance system. No guardrails are",
        "imposed on **No Confidence** actions.",
        " ##### GUARDRAILS",
        " - None",
        " ### 8. GUARDRAILS AND GUIDELINES ON INFO ACTIONS",
        " **Info** actions are not enacted on-chain. No",
        "guardrails are imposed on **Info** actions.",
        " ##### GUARDRAILS",
        " - None",
        " ### 9. List of Protocol Parameter Groups",
        " The protocol parameters are grouped by type, allowing",
        "different thresholds to be set for each group.",
        " The network parameter group consists of:",
        " - *maximum block body size* (*maxBlockBodySize*)",
        " - *maximum transaction size* (*maxTxSize*)",
        " - *maximum block header size* (*maxBlockHeaderSize*)",
        " - *maximum size of a serialized asset value*",
        "(*maxValueSize*)",
        " - *maximum script execution units in a single",
        "transaction* (maxTxExecutionUnits[steps])",
        " - *maximum script execution units in a single block*",
        "(*maxBlockExecutionUnits[steps]*)",
        " - *maximum number of collateral inputs*",
        "(*maxCollateralInputs*)",
        " The economic parameter group consists of:",
        " - *minimum fee coefficient* (*txFeePerByte*)",
        " - *minimum fee constant* (*txFeeFixed*)",
        " - *minimum fee per byte for reference scripts*",
        "(*minFeeRefScriptCoinsPerByte*)",
        " - *delegation key lovelace deposit*",
        "(*stakeAddressDeposit*)",
        " - *pool registration lovelace deposit*",
        "(*stakePoolDeposit*)",
        " - *monetary expansion* (*monetaryExpansion*)",
        " - *treasury expansion* (*treasuryCut*)",
        " - *minimum fixed rewards cut for pools* (*minPoolCost*)",
        " - *minimum lovelace deposit per byte of serialized",
        "UTxO* (*coinsPerUTxOByte*)",
        " - *prices of Plutus execution units*",
        "(*executionUnitPrices[priceSteps/priceMemory]*)",
        " The technical/security parameter group consists of:",
        " - *pool pledge influence* (*poolPledgeInfluence*)",
        " - *pool retirement maximum epoch*",
        "(*poolRetireMaxEpoch*)",
        " - *desired number of pools* (*stakePoolTargetNum*)",
        " - *Plutus execution cost models* (*costModels*)",
        " - *proportion of collateral needed for scripts*",
        "(*collateralPercentage*)",
        " The governance parameter group consists of:",
        " - *governance voting thresholds*",
        "(*dRepVotingThresholds[...], poolVotingThresholds[...]*)",
        " - *governance action maximum lifetime in epochs*",
        "(*govActionLifetime*)",
        " - governance action deposit* (*govActionDeposit*)",
        " - *DRep deposit amount* (*dRepDeposit*)",
        " - *DRep activity period in epochs* (*dRepActivity*)",
        " - *minimal constitutional committee size*",
        "(*committeeMinSize*)",
        " - *maximum term length (in epochs) for the",
        "constitutional committee members*",
        "(*committeeMaxTermLength*)"
      ]
    }
  }
}