In an enlightening blog post published on October 17, 2023, XRPL Labs unraveled the intricacies of Xahau’s governance mechanism. Xahau, a sidechain project dedicated to enhancing the XRP Ledger (XRPL) ecosystem, is reportedly designed with a focus on smart contracts and a novel governance methodology referred to as the “Genesis Hook Governance Game.”
Unpacking Xahau’s Governance Mechanism
Xahau’s governance game seeks to deviate from traditional governance structures through token distribution, rewarding proactive participants, and safeguarding the network’s vibrancy. Aiming to be community-centric, the mechanism stresses the importance of every validator in the decision-making process.
Unlike conventional governance bodies, this approach supposedly guarantees that “everyone who has a seat has a voice”, ensuring collective decision-making is at the core of the Xahau ecosystem. The linchpin of Xahau’s governance is a smart contract, which XRPL Labs describes as the gov
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