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Proposal Details

Proposal #43

Passed

Proposal title

Set the Blocks Per Year parameter to 5,256,000

Submit time

Deposit end time

Voting start time

Voting end time

Tally result

99.99%

Proposal #43 description

If successful, this parameter-change governance proposal will increase the BlocksPerYear parameter from 3,155,760 to 5,256,000. The previous value was based on 10s block time and the purpose of this proposal is to adjust it to 6s block time, to match the network's average block time. The same proposal has already been succesfully tested on our testnet: https://testnet-explorer.cheqd.io/proposals/11. Also, this proposal has been discussed off-chain in our governance forum here: https://commonwealth.im/cheqd/discussion/14821-proposal-to-update-blocksperyear-parameter-so-it-is-accurate-and-matches-network-speed-in-practice

Proposal #43 overview

Total votes
155
Voters
145
Total deposit
8,000 CHEQ