Polkadot's founder announces steps toward full decentralization with new gove...
Gavin Wood said that he seeks to transform the Polkadot blockchain into a full technocracy. Live from Polkadot Decoded in Buenos Aires on Wednesday, Polkadot (DOT) and Kusama founder Gavin Wood announced that the blockchain's governance model would undergo a new transformation. Dubbed Gov2, anyone would be able to start a referendum at any time for as many times as they wish in the new setup, similar to initiating new transactions on the blockchain.Thereafter, pending referenda need 50% of the vote from stakeholders within 28 days' time for approval or face rejection by default.....
Related News
Blockchain technology remains the major drive in the decentralization of digital assets. This has led to the emergence of several blockchain networks, each having its unique and distinguishing features. Amongst these blockchains is Polkadot, usually referred to as the blockchain of blockchains due to its multichain nature. Recently, Gavin Wood, the founder of Polkadot, revealed […]
The price of Polkadot’s native token hit an all-time high (ATH) this week, soaring above $30, as the company laid out the next steps of its plans and the systems to finalize the network launch. Polkadot Roadmap Outlines Layer 0 Deployment Initiatives Polkadot released a roadmap highlighting that it is currently in its Rococo phase, the first of three major phases until the network goes live. Here is a breakdown of the roadmap. Rococo Testnet Rollout Polkadot (DOT) plans to continue with its launch of parachains, also referred to as application-specific data structures. These....
"One thing is clear: this is a serious project now, and we need to start taking decentralization seriously," said Wladimir van der Laan.
As the price for ZRX surges, the 0x team is taking initial steps towards community governance In a post today on their governance and research forums, the team behind decentralized finance (DeFi) DEX protocol 0x announced initial plans to decentralize their governance by creating a “community-owned treasury seed-funded by 0x Labs.”“As we continue our mission to create a tokenized world where all value can flow freely, 0x Labs intends to experiment with seed-funding a community treasury managed by a DAO,” reads the post. “To establish the DAO, 0x Labs will identify a set of bootstrap....
The rollout of the Polkadot protocol has been ongoing since August, when the project launched its Rococo testnet. Kusama, sister chain to Polkadot’s platform, is ready for the rollout of parachains on the network.Polkadot and Kusama creator Gavin Wood today said in a blog post that Polkadot was entering the fourth and final phase of its mainnet launch, which involves deploying parachains to the Kusama network. According to Wood, the development arm behind Polkadot, Parity Technologies, had released an upgrade — Polkadot version 0.9 — for Kusama, which “is now finally ready to host....