Governance

SBChain governance is fully on-chain. Every parameter that controls the network — fee schedules, block sizes, witness counts, asset rules — is configurable through an on-chain proposal and approval system. There are no admin keys, no multisig committees with off-chain coordination, and no protocol upgrades that bypass token holder consent.

Governance is divided into three elected bodies: Witnesses (block producers), Committee Members (parameter managers), and Workers (funded contributors). All three are elected and removed by stake-weighted votes from token holders under the RDPoS (Randomized Delegated Proof of Stake) consensus model, derived from the work in the R-squared Digital white paper.

Governance Bodies

• Witnesses: elected block producers responsible for transaction collection, block signing, and price feed publishing
• Committee: elected parameter managers who submit fee schedule and chain parameter updates via the proposal system
• Workers: funded contributors elected to receive daily pay from the reserve pool for development and ecosystem work

How It All Connects

• Token holders vote for all three bodies using account_update_operation
• Votes are stake-weighted and re-tallied at each maintenance interval (typically every 24 hours)
• Committee changes to chain parameters must go through the proposal system with a mandatory review period
• Any account can create a proposal — approval thresholds determine whether it executes