How Is a Governance Vote Executed On-Chain Using a Smart Contract?

A governance vote is executed on-chain by a smart contract that manages the voting tokens or rights of the consortium members. A proposal is submitted to the contract, which then opens a voting period.

Members cast their votes by interacting with the contract. Once the period ends, the contract automatically tallies the votes and, if the required quorum and majority are met, executes the corresponding action, such as upgrading the network code or changing a parameter.