This article was first published on Komodo
Komodo is excited to announce that the third annual Notary Node Election will begin in April 2019. The voting tokens will be airdropped at a 1:1 ratio to all KMD holders on April 14th and one month of voting will take place. Voting will conclude on May 14th.
At that point, the winners will be announced! Testing and integration will take place in late May, and a hardforking upgrade will occur in June to officially inaugurate all of the new Notary Nodes to the Komodo network.
A Third Year of Notary Node Elections
Since the very beginning of Komodo, the Notary Node Elections have been a central piece in the project’s governance model. Every year, KMD holders elect the individuals that will take on the responsibility of running one of Komodo’s 64 Notary Nodes for the ecosystem.
The first election was held in January 2017. Since it was the very first election, KMD holders elected operators for 59 nodes. In some cases, the same people were elected to run more than one Notary Node, so there were fewer than 59 operators. But, in total, 59 open positions were decided at the ballot. Five nodes were reserved for the Komodo Development Team.
In March 2018, the second annual Notary Node Election took place. The 30 top-performing Notary Nodes were automatically re-elected to incentivize diligence among Notary Node Operators and ensure continuity with the crucial task of cross-chain notarizations. The KMD community elected a total of 30 Notary Nodes. In the second cohort of Notary Nodes, only 4 nodes were reserved for the Komodo Dev Team (as opposed to 5 nodes in the first year).
Now, the Komodo team is preparing for the third annual Notary Node Election. This year, the top 7 Notary Nodes in each of the 4 regions will ...
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