Block Producing

Block Producing

DECENTRAWISE is a Decentralized Autonomous Community (DAC) and its founding members started in Blockchain technology, researching and developing in this area since 2009, right after Bitcoin network was started. We’ve worked with all major cap projects, initially mining and then researching and developing for some of these blockchains, including Bitcoin and Ethereum on which we continue to work today.

We got to know Graphene blockchains and Dan Larimer‘s work around 2016… We’ve been around this tech since then, producing blocks on Bitshares and Steem, now Hive, and other forks like Bitshares Music/Muse/SounDAC or others. We’re in EOS since its inception, contributing with development in several projects, and as a block producer candidate since 2020 in EOS mainnet, major testnets and other EOSIO based chains.

We also develop DSound, the worlds first fully decentralized sound platform, which started on Steem, moved to Hive and now moving to even more decentralization by being multi-chain and using its own EOSIO blockchain soon.

This journey motivated our focus on usability, because we felt trapped by the tech since Steem - and now EOS with the same usability restrictions, or should we say “overly complicated features” for the end user. We are building a solution for usability and onboarding now.

We aim to build a community around decentralization and blockchain technology. Our members are developers as well as of many other backgrounds, and we welcome any contributor to any of our projects.

We consider ourselves a DAC of DACs, as each project is another DAC itself.

This means that each blockchain we support by producing blocks is its own DAC with its own governance and incentive distribution.

Statement of ownership

DECENTRAWISE is a collective of individuals working together for common purposes – to develop projects, to support networks and to enable future DACs the community chooses. DECENTRAWISE is not a company and the members are not shareholders, instead in the future we will issue tokens to confer membership and control of the DAC through a voted Committee and other mechanisms.

The full implementation of our DAC governance is still work in progress. We will update this page with the links to our members area when publicly available.

Code of Conduct

Our Code of Conduct consists of the general principles of non-aggression, from where we derived the following:

1. Excellence of Service
The objective of DECENTRAWISE is to ensure that it is able to build and maintain projects with world class standards and the best quality possible. We always strive to ensure that our projects are decentralized and managed in a way that gives complete freedom to each contributor, but also demanding excellence of service that will impact the rewards each member receives from each project.

2. Openness and Transparency
All decisions made by the DECENTRAWISE governance structures and all operations will be open, transparent and recorded on-chain.

3. Reliability
The reason for DECENTRAWISE to exist is exactly to bring reliability to auto-governed projects. Often community driven projects become either complete chaos or a burocratic maze. We solve that problem by applying DAC governance to our projects and aligning incentives to produce the expected results.

4. Fairness
DECENTRAWISE will treat all members fairly and reward contributions appropriately. No one member should have less information about a decision than others.

5. Independence
DECENTRAWISE will not seek any significant stake in, or undue influence over, any of our projects. It will also take appropriate measures to protect its own independence.

6. Electoral Fraud
DECENTRAWISE will never allow any type of payment for any kind of voted election or selection, including but not limited to, selection of block producers or governance committee members.

Position on Dividends

DECENTRAWISE will keep a small fee from any dividends that each project creates. These funds will be used with the following criteria:

  • Support of our internal governance systems. DECENTRAWISE invests in continuously upgrading and improving its operational infrastructure to ensure it achieves maximum speed, reliability and effectiveness.

  • Proactively support the wider projects communities and end­users through investing and through providing community grants.

It is absolutely clear that no dividends will be distributed to the DECENTRAWISE own DAC members. The reason for this is to dissociate the membership from any kind of monetary incentives. DAC members would be rewarded regardless, simply by participating in any project and building, with the distribution rules defined for that particular project. Being a DECENTRAWISE own DAC member only allows voting on the committee members, who will decide which projects the DAC will put forward and with what governance and incentive distribution.

More information is available on our website and you can join our community in Telegram to stay in touch.