Voting procedure In the Terra Ecosystem, & Who can vote ?

Anyone who wants to and owns Luna can make a proposal to the Terra Ecosystem, which will then be voted on by the community. These proposals can be voted on by anybody who owns Luna. Validators, on the other hand, have a lot of voting power over proposals because they have a lot of Luna, thus they should be carefully chosen.

Who called as a validator? What does it mean to have voting power?

Who are running complete nodes in the Terra network to validate transactions and secure the blockchain are called as a Validator. Staking incentives can also be earned by staking Luna at these validators. The more Luna these validators possess, the more votes they can cast. The more the voting power, the greater the influence on the Terra Ecosystem. The quantity of Luna delegated to a validator determines voting power.

And at the otherwise, peoples that have LUNA in their wallet can have voting power.

In this dashboard all voting power that used their power to vote 'YES' are calculate and separate them by validators vs regular wallets.

Results

• To vote 'YES' on governance initiatives, more than 1B power votes (in LUNA) were used.

• Validators handled 28.6% of this 1B, while regular wallets handled the remainder.

• In the last chart power vote of each validator are showed, so as regular wallets are showed as NULL, cause of them haven't name in label table.