, July 26, 2021

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Vortex, an overview


  •   3 min reads
Vortex, an overview

The age-old fight to gain power and other resources is likely to remain part of the picture as long as we're dealing with humans. Time will tell if the distinct properties of decentralized networks, as opposed to more traditional forms of organization, are adequate to avoid a concentration tendency. Field theory, as a general theory of local social organizations, can be used to frame and analyze these processes, which is a prerequisite for dealing with their more long-term detrimental implications.

Governance in the real world (an example):

Imagine a restaurant that wishes to deliver a complete course meal to a customer. It's understandable that you'd prefer expert chefs to prepare your meals. Even in the kitchen, the chef who specializes in making the best chicken in the world may not be the best person to ask about the design and layout of your menu, the layout of the tables, the design of the interior, how to interact with customers, or the balancing of your books and marketing strategy.

We want those who know how a restaurant should look and feel as a customer to be able to make such suggestions, and those who know how to balance the books or bake the perfect chocolate cake to be able to consult with peers who have the necessary qualifications as accountants or professional experience as chefs, and propose changes that will best meet the needs of everyone. At the same time, just because someone is a wonderful chef or accountant doesn't mean we want to hand over all the keys to the vault and enable them to run the entire organization from the moment they start. Who has the authority to decide?

Vortex 101

Here’s how Humanode plans to solve this. The Humanode Network's governance will be decentralized from the start, under the name Vortex—the Humanode DAO, a Decentralized Autonomous Organization to oversee the improvements.

Human nodes, delegators, and governors make up the Vortex.

Proof-of-Time (PoT) and Proof-of-Devotion (PoD)

PoT and PoD are the consensus in Vortex to determine rank. Devotion in the system is valued higher than wealth. Ranks do not provide their holders any additional voting rights; instead, they are granted the capacity to make and promote other people's suggestions on important issues.

In Humanode governance, the combination of PoT and PoD means that a governor advances through the ranks based on the amount of time his node was considered governing.

A Governor must also participate in Formation, a proposal-based grant mechanism, and keep available data on the updated state of the Humanode network ledger in order to rise to a Legate or higher. Even if a governor takes part in Formation during the early days of his node's existence, they must still rule for another three years before becoming a Legate.

Tiers of Governance

Overview of the different tiers of governance
Comparison able showing the complete roles for the 4 governor tiers

Voting procedure

Extracted from the Humanode Whitepaper

Future Considerations

Vortex as a DAO governing layer should provide enough flexibility and precision in decision-making, but there are still a few more changes to be made before Vortex is ready for massive, concurrent governing operations. The Fath monetary protocol should theoretically reduce the long-term impacts of devaluation, but numerous improvements must be made as we transition from transactional-based Fath to actual value creation-based Fath before the latter can be adopted. We hope that through the efforts of the Humanode community, we will be able to overcome any obstacles that stand in the way of creating a decentralized, public permissionless financial network based on Proof-of-Human Existence via biometrically encrypted human nodes with equal fee distribution, algorithm-determined issuance, and proportional emission distribution.

Last but not least, it is important to stress that the Vortex is based on 1 human = 1 node = 1 vote, and that no matter how much money or power a person has, his vote only has equal power to his peers in the system.

References:


Humanode.-Quiz_Cover-3

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