Proposal Details
Proposal #43
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
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