Fushuma On-chain Democracy

In the quest to establish a genuine democratic system, the concept of on-chain democracy emerges as a transformative solution. Throughout history, democracy has been considered the ‘holy grail’ of societal governance, and it has often elusive in practice. On-chain governance, which combines democratic principles with blockchain technology, therefore promises to shift power dynamics by decentralizing governance and improving transparency.

Origins and Definition of Democracy

First, consider the origin of the word ‘Democracy.’ In ancient Greek, ‘Dēmokratía‘ breaks down into “Dêmos,” meaning “people,” and “Kratos,” which translates as “power.” Hence, democracy literally signifies “power to the people.”

Wikipedia describes democracy as a system of government where the people or the population hold state power. However, in modern democratic models, a critical distinction arises: people elect representatives rather than voting directly on matters that affect their lives. Thus, they give a few people the power to make decisions for them, effectively giving them a blank check for a set period.

Challenges in Modern Democracy

Nevertheless, history reveals a striking constant: power, when concentrated, often tends to centralize further. Consequently, in many so-called ‘democratic’ systems, the voice and choice of individuals get overshadowed, leading to hyper-centralized governance where the collective voice becomes weaker. This is where the fusion of true democratic values and new blockchain technology effectively solves these challenges.

Why Blockchain Offers a Solution for On-Chain Democracy

Blockchain, inherently transparent and decentralized, provides a powerful foundation for rethinking democratic governance through on-chain democracy. Although blockchain technology has evolved over the past 13 years, the full realization of on-chain democracy has yet to be reached. As a result, a few entities are controling many of today’s leading blockchains, highlighting the need for a true blockchain democracy that distributes power fairly.

Fushuma aspires to change that narrative. By proposing a vision of a decentralized voting system and combining it with the Fushuma Treasury, we aim to create a true on-chain democracy where power belongs to the “Dêmos.”

“At each stage of human existence, the adult man is off on his quest of his holy grail, the way of life he seeks by which to live.” Clare W.Graves

Why Decentralized Governance Matters in Blockchain Democracy?

I. Decentralized From Day 1

Fushuma’s coin distribution shows our commitment to decentralization.

II. Fushuma's Treasury

A unique network feature allowing for grants, avoiding traditional centralization, and promoting further decentralization.

Indeed, on-chain democracy relies on individuals’ active involvement in the decision-making process. Similarly, the Web 3.0 digital era should be characterized by users’ active and decentralized participation, thereby ensuring an equitable digital future for all.

Core Objectives of Fushuma On-Chain Democracy

With a vision to empower the community and give them full control over the network’s direction, Fushuma On-Chain Democracy’s core goals are:

Promoting Active Participation with Sortition

To further decentralize the voting power and include more community members, Ambassador rights will be awarded to active community members, enhancing the practical application of blockchain democracy. In particular, this mechanism is directly inspired by Athenian democracy, where citizens had an equal chance to hold public office, reducing the risks of corruption and elite domination in governance. Thus, the sortition process reinforces on-chain democracy's ideals.

Implementation and Review

This integrated rewards system will be initially introduced as a pilot program, with ongoing monitoring and evaluation to determine how effectively it enhances democratic participation.

Based on community feedback and collected data, adjustments will be made to ensure fairness and the network’s health.

Implementation Phases

• Phase 1: Initial control by Fushuma founders, VCs, and technology partners.

• Phase 2: Full treasury control transitions to the community, realizing our vision for a decentralized democratic ecosystem.