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Update governance.md
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SaveTheAles committed Jul 18, 2019
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Expand Up @@ -10,7 +10,7 @@ In the current Cyber governance implementation anyone can submit a text proposal

![governance2](https://ipfs.io/ipfs/QmdzCLm7YQyvQJZfFmWxTzv4gECcaBNFsL6YJdzetESd13)

<p align="center">An Illustration of the Governance Process on the Cosmos Hub.</p>
<p align="center">An Illustration of the Governance Process on the Cyber</p>

## Phase 1: The Deposit Period

Expand Down Expand Up @@ -63,4 +63,4 @@ The **[option]** should be ***yes***, ***no***, ***abstain*** and ***no_with_vet

## Conclusion

We believe the governance implementation of Cyber based Cosmos with delegators inheriting validator votes, but delegators being able to overwrite validator choices and make their own decision is a great solution to the low governance turnouts that can be observed in other blockchain networks. We think this approach does good in striking a balance between representative democracy (“proxy voting”) for less interested holders, while still allowing for direct influence for token holders that want to directly engage in network governance.
We believe the governance implementation of Cyber based Cosmos with delegators inheriting validator votes, but delegators being able to overwrite validator choices and make their own decision is a great solution to the low governance turnouts that can be observed in other blockchain networks. We think this approach does good in striking a balance between representative democracy (“proxy voting”) for less interested holders, while still allowing for direct influence for token holders that want to directly engage in network governance.

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