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Polkadot Chief Gavin Wood Announces Blockchain Governance Upgrade

CoinDesk LogoCoinDesk1 mo ago

Polkadot Chief Gavin Wood Announces Blockchain Governance Upgrade

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Polkadot has upgraded its decision making process to be more inclusive and decentralized, says founder Gavin Wood.

For instance, “the Root Origin has the highest thresholds and safeguards and only allows a single über-dangerous proposal to be decided at a time,” while less powerful Origins have accordingly shorter consideration periods and lower thresholds for approval.

Polkadot’s Technical Committee, which existed in the first version of the governance system, will be replaced by a more decentralized body called the “Polkadot Fellowship” in order to prevent a position of expert command or ruling cabal from forming.


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Article Details

Author / Journalist: Ian Allison

Category: Crypto

Topics: Gavin Wood Governance Polkadot

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-29, 15:46:00

News Timezone: GMT -5:00

News Source URL: coindesk.com

Language: English

Reading Time: 7 minutes read

Article Length: 1162 words

Coverage Area: United States

Availability: Desktop Web, Mobile Web

News ID: 20824

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