Governance Proposal for Crypto.org Mainnet V4 Upgrade is Now Live for Voting
We’re excited to announce the launch of our latest governance proposal for the V4 upgrade for the Crypto.org Chain. This will explore fresh…
We’re excited to announce the launch of our latest governance proposal for the V4 upgrade for the Crypto.org Chain. This will explore fresh opportunities for our ecosystem to empower the chain. We are urged to hear our community’s feedback on the upgrade proposal and would like to invite you to cast your vote.
What is this proposal?
We are proposing a network upgrade for the Crypto.org Chain mainnet crypto-org-chain-mainnet-1.
This newest Crypto.org Chain binary v4.2.2 is an upgraded base on Cosmos SDK 0.46, IBC-go 5.2.0, and Go v1.19, which contain a few important updates to the network, including support for Interchain Accounts, Relayer Incentivisation, and NFT transfer over IBC. It also comes with 1) the new modules and updates in Cosmos SDK 0.46, such as the implementation of 5% MinCommissionRate, which serves as an incentive for validators to create a sustainable validators ecosystem; 2) support for message-based governance proposals, which execute the messages under the gov module address; and 3) support for x/group module, allowing the creation and maintenance of on-chain multi-signature accounts.
Details are available in our previous post of Crypto.org Chain v4 Release.
If this proposal passes, validators and full nodes would need to upgrade their chain-maind to the newest version to enable this upgrade.
Governance voting process
The community governance voting process for this upgrade will start once this proposal has been funded by a sufficient deposit. If the proposal passes, the upgrade will be performed at the block height of 10073800. The Chain will be paused to allow the majority of validators to upgrade.
How can I prepare?
Validators and full node hosts need to upgrade to the latest chain-maind binary. There is no other required action.
The 14-day voting period began at 06:04 UTC on Feb.7, 2023 and ends at the same time on Feb.21. If the proposal passes, the chain will be upgraded with the new updates discussed above. We highly encourage all Crypto.org Chain validators and delegators to cast their votes.
How do I vote?
We have started the on-chain parameter change governance proposal 15 and would like to invite you to participate in the voting process. You can cast your vote by using “chain-maind” or Crypto.com DeFi Desktop Wallet.
By Crypto.com DeFi Wallet Desktop Wallet:
Download the latest Crypto.com DeFi Desktop Wallet v1.3.9;
Select Governance;
Choose proposal #15;
Cast your vote.
By “Chain-maind”:
You can check the proposal by using chain-maind
chain-maind q gov proposals 15 --node https://mainnet.crypto.org:26657/Check the vote by:
chain-maind tx gov vote 15 [voting_option] --from [key_name] --chain-id="crypto-org-chain-mainnet-1" --node https://mainnet.crypto.org:26657/Check the voting result at:
https://cronos-pos.org/explorer/proposals
How do I upgrade my nodes?
Node runners do not need to perform any operations yet, as the upgrade proposal must be passed first. Important dates for your attention:
Feb.21, 2023, 06:04:35 UTC: When the upgrade voting period ends, you can check the result at https://cronos-pos.org/explorer/proposals.
At block height 10073800: Please upgrade your node at this block height if the upgrade proposal passes. You can find the approx time and upgrade count down at https://www.mintscan.io/crypto-org/blocks/10073800
***Join the Crypto.org Chain Discord channel to stay in touch with our team and connect with the community.
For more information, developer tools, ecosystem development information, and network governance matters, please visit crypto.org or reach out to us at [email protected].
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