diff --git a/content/glossary/governance-action.md b/content/glossary/governance-action.md new file mode 100644 index 00000000..a7414ae6 --- /dev/null +++ b/content/glossary/governance-action.md @@ -0,0 +1,13 @@ +--- +title: Governance action +tags: + - Voltaire + - Governance action +url: "" +image: "" +image_text: "" +--- + +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.