The first protocol sidechain on the XRP Ledger, Xahau, has made significant governance advancements. Bithomp has introduced the Xahau network’s governance gaming portal.
Bithomp, the explorer of the XRP Ledger, has developed a platform that depicts the entire game environment of Xahau, including all of its players and activity.
https://x.com/XahauExplorer/status/1724042560618840272?s=20
The Xahau projects table, Xahau dev table, Xahau auditors and enterprise, and Xahau exchange table represent a group (Level 2), whereas XRP labs, Titanium, Evernode, digital governance, and Gatehub crypto represent individual validators (Level 1).
An major milestone was reached when the Xahau network went operational on October 31. Prior to its debut, Xahau unveiled its ground-breaking governance system, known as the “Governance Game,” which would manage token distribution, incentivize active users, and guarantee the sustainability of the network.
Every participant or validator has a voice in determining how the Xahau ecosystem develops thanks to the governance game.
There are 20 seats in all, and each gets one vote. While some seats (Level 1) represent a single validator, others (Level 2) indicate a group of validators.
A DAO (Decentralised Autonomous Organisation) that bases decisions on member consensus is comparable to the Xahau Governance Game in that it is a decision-making body that employs a voting process.
By ensuring that only validators who meet the consensus threshold receive rewards, the Genesis Hooks analyses validator participation in consensus using the UNLReport.
Shortly after Xahau launched, GateHub said that on November 15th, it will start supporting the Xahau network in its wallet and DEX.
