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Network Steward

20% of every newly mined block goes to a network steward address. This address can be changed by way of a PoS based vote. See the Network Steward Vote for more information about the mechanics of the vote. The payments to the network steward address have one special rule, they cannot be spent after 129600 blocks (approximately 3 months) have elapsed, so if the network steward cannot decide how to spend its treasury, the PKT will be burned rather than piling up.

The balance of this document will be about the network steward with the address pkt1q6hqsqhqdgqfd8t3xwgceulu7k9d9w5t2amath0qxyfjlvl3s3u4sjza2g2 which we will henceforth refer to as The Network Steward.

What is The Network Steward

The Network Steward is a multi-signature wallet which requires 3 out of 5 signatures in order to make a payment. The keys are held by:

All of the participants have agreed not to enter into any relationships which would affect their ability to act impartially on behalf of the PKT chain.

Network Steward Charter

The objective of The Network Steward is to reduce barriers of entry to network / VPN providers in the pursuit of increased individual autonomy and privacy.

Key aspects of this objective include:

In order to achieve these goals, The Network Steward will occasionally meet to review funding proposals and choose which ones to grant PKT to.

How to make a funding proposal

Getting a proposal accepted is much like getting a pull request merged in a project. You start by socializing what you want to do with the community (try the IRC or Matrix chats) and when you have rough consensus, you move that conversation to a formal proposal.

To make a proposal, you must create a pull request to the ns-projects repository which adds a new project markdown file as per the project template and name it according to the naming convention defined in the repository readme.

Periodically The Network Steward will hold a meeting and decide on which proposals should be funded. The minutes of these meetings are published in the the ns-projects repository along with the projects and their status.