Summary : This proposal is to introduce a hardfork in Harmony blockchain to set the external voting power to 51%.
Background : Currently, the external validators have 40% of voting power since epoch 530. The network is being run smoothly since that. And the view change algorithm worked as expected during a shard 2 down event. The shard recovered automatically w/o restart. So, it is time to empower more voting power to external validators.
Motivation : With this proposal, it will increase the external voting power from 40% to 51%, as the majority of the network voting power.
Specification : Increase the external voting power from 40% to 51% for all external validators. The external validators will be the majority of the voting power in the network. A hard-fork is needed and it will be enabled in a certain epoch in the later release.
Suggested voting options : yes or no