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25 community led projects have submitted proposals for ACT grants! Jetpack holders can now vote to send 6 projects to the next round. Only 3 will win grants up to $15k. Jetpack Holders Vote:

JADU

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11,939 Aufrufe • vor 3 Jahren •via X (Twitter)

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This 🧵 features all 25 projects that have applied for AVA Community Treasury grants up to $15k. Only 6 will make it to the next round. Jetpack Holders have until Friday 11:59p PDT to vote on Homebase: ᴡɪɴ ᴀ ᴛʀɪᴘᴘʏ ʜᴏᴠᴇʀʙᴏᴀʀᴅ ʟɪᴋᴇ • ʀᴛ • ᴛᴀɢ ᴀ ꜰʀɪᴇɴᴅ

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How ICP Token Holders Can Literally Vote To Upgrade The Internet Computer? Most blockchains rely on developers and node operators to coordinate when the protocol needs a major upgrade. The Internet Computer (DFINITY Foundation) takes a different approach. Its Network Nervous System, or NNS, puts governance directly onchain. Here is how it works: 1. ICP HOLDERS LOCK TOKENS INTO NEURONS internet-computer:native holders can lock their ICP into a “neuron.” A neuron is essentially a governance position that gives the holder voting power over NNS proposals. Voting power depends mainly on: • The amount of ICP locked • The neuron’s dissolve delay • The age of the neuron The longer a holder commits their ICP, the greater their potential voting power. 2. NEURONS VOTE ON NETWORK PROPOSALS The NNS allows neuron holders to vote on proposals affecting the Internet Computer. These can include: • Protocol upgrades • Subnet changes • Network configuration • Node provider decisions • Governance parameters • Changes to the network’s underlying software This is where the system becomes particularly interesting. NNS governance is not simply deciding how a community treasury should spend money. Some proposals can directly affect how the blockchain operates. 3. VOTING CAN TRIGGER ACTUAL PROTOCOL CHANGES A successful proposal can instruct the network to adopt an approved change. For example, NNS proposals can be used to upgrade the replica software running across Internet Computer nodes. Once the proposal is approved, the NNS can coordinate the upgrade across the network. That means token holder voting can ultimately result in the protocol itself changing. 4. HOLDERS DO NOT HAVE TO VOTE ON EVERYTHING The NNS also uses a system known as liquid democracy. Neuron holders can choose to follow other neurons for particular proposal categories. When the followed neuron votes, the follower can automatically vote in the same direction. This creates a delegation system without requiring users to give up ownership of their ICP. In simple terms: • Stake ICP • Create a neuron • Choose your voting preferences • Vote yourself or follow another neuron • Earn rewards for participating 5. GOVERNANCE PARTICIPATION CAN EARN REWARDS The NNS gives users an economic incentive to participate. Neurons can accumulate maturity through governance participation. That maturity can later be used to generate new ICP. This turns governance participation into more than just a voting mechanism. It becomes part of the network’s economic design. 6. THE NNS IS ITSELF PART OF THE INTERNET COMPUTER This is arguably the most important part. The NNS is not simply a website where the community discusses proposals. The governance system itself runs on the Internet Computer. Its rules, proposals, neurons and governance decisions are handled through onchain infrastructure. That allows governance decisions to become executable actions. 7. WHY THIS MATTERS FOR PROTOCOL UPGRADES Traditional blockchain upgrades can require significant coordination. Developers may need to release new software. Node operators need to install it. Validators or miners need to support it. Exchanges and infrastructure providers may also need to update their systems. If coordination fails, competing versions of the blockchain can emerge. The NNS is designed to reduce some of that coordination problem. The community can approve a proposal through onchain governance, and the network can then execute the approved change. 8. IT IS NOT ONE ICP TOKEN, ONE VOTE Simply holding ICP does not automatically give someone governance power. Users need to commit their tokens through a neuron. And voting power is not based solely on the number of ICP held. Factors such as dissolve delay and neuron age also influence voting power. This means the system rewards committed participation rather than treating every wallet as an identical vote. 9. SO WHAT MAKES THE NNS DIFFERENT? The key difference is that governance is built into the protocol itself. On many blockchains, governance can look like: Community discussion → Vote → Developers implement the decision. The Internet Computer aims for something closer to: Stake ICP → Vote through NNS → Proposal passes → Network executes the change. The NNS is designed to make governance part of the Internet Computer’s operating machinery. ICP holders therefore have a direct role in deciding how the network evolves. Under the right proposal, their votes can ultimately determine which software the network runs.

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