With the official launch of Nebulas NOVA, Nebulas has officially entered a new phase of development. Nebulas will soon initiate our first on-chain blockchain governance vote with the intention to complete a seamless upgrade of the Nebulas mainnet through Nebulas Blockchain Runtime Environment(NBRE) functionality.

This vote will determine the adoption of the following two proposals:

- Arthur Proposal: The Parameters and Functions for DIP and NR

This proposal aims to define all parameters and functions for the Developer Incentive Protocol (DIP) and Nebulas Rank (NR). Although the NR Yellow Paper and the DIP Mauve paper described the algorithm and properties of NR and DIP, the specifics of the function parameters were left blank. This proposal will improve and formally define the parameters and functions for DIP and NR.

For more details about this proposal, visit: https://nebulas.io/docs/DIPProposal.pdf

- GAS Proposal: Change the Minimal Gas Price

Currently, the gas fee for the Nebulas blockchain is extremely low and at this time, It’s reasonable to modify the gas price from 10⁶ wei to 2x10¹⁰ wei. This modification will help fend off bad actors that are utilizing DDoS attacks and to protect the Nebulas ecosystem.

For more details about this proposal, visit: https://nebulas.io/docs/GasProposal.pdf

Voting Period

Voting will commence from: April 23 00:00 2019 to May 5 00:00 2019 (UTC-7, Pacific Time Zone)

How to vote

To vote, you will need to utilize a Nebulas mainnet wallet (such as NAS nano Pro)to initiate a 0 NAS transfer to the relevant proposal voting address. Voting addresses will be shared at the beginning of the voting period.

Each address can vote only once per proposal:

If you vote multiple times via one address, only the first vote will be counted. If you vote both YES and NO via the same address, your vote will be invalidated and not counted.

How proposals will be considered approved

During the voting period, each proposal must:

Receive a minimum of 1,000 valid votes/transactions. The proposal must receive a minimum of 51% approval rating.

Results of voting

If the proposal is approved by the community, we will update the Nebulas Protocol Representation (NPR) as-per the approved proposals via the NBRE function on May 6th, 2019.

Have a voice

Nebulas invites all community members to participate in voting. Your valuable vote will have a profound impact on the development of the entire Nebulas ecosystem!

This information can also be found on the official website at: https://nebulas.io/vote.html