Governance Action

A Governance Action is a proposal that gets submitted On-Chain for voting. It is an on-chain event triggered by a transaction. Governance actions have an expiration period, after which the action cannot be enacted.

Any ada holder can submit a governance action for a vote on-chain. Once the action is recorded on the ledger, voters submit voting transactions.

Governance Actions Types:

In CIP-1694 describes 7 types of Governance Actions:

GA - Motion of no-confidence

GA - New constitutional committee or Quorum size

GA - Updates to Constitution

GA - Hard-Fork Initiation

GA - Protocol Parameter Changes

GA - Treasury Withdrawals

GA - Info

Any Ada holder can submit a governance action to the chain.