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Governance documentation

Disclaimer: This is work in progress. Mechanisms are susceptible to change. This document describes the high-level architecture of the governance module. The governance module allows bonded Atom holders to vote on proposals on a 1 bonded Atom 1 vote basis. The governance process…

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# Governance documentation

*Disclaimer: This is work in progress. Mechanisms are susceptible to change.*

This document describes the high-level architecture of the governance module. The governance module allows bonded Atom holders to vote on proposals on a 1 bonded Atom 1 vote basis.

The governance process is divided in a few steps that are outlined below:

- **Proposal submission:** Proposal is submitted to the blockchain with a deposit - **Vote:** Once deposit reaches a certain value (`MinDeposit`), proposal is confirmed and vote opens. Bonded Atom holders can then send `TxGovVote` transactions to vote on the proposal - If the proposal involves a software upgrade - **Signal:** Validator start signaling that they are ready to switch to the new version - **Switch:** Once more than 2/3rd validators have signaled their readiness to switch, their software automatically flips to the new version ## Proposal submission

### Right to submit a proposal

Any Atom holder, whether bonded or unbonded, can submit proposals by sending a `TxProposal` transaction. Once a proposal is submitted, it is identified by its unique `proposalID`.

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