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Thursday, June 26, 2025

Polkadot Chief Gavin Wood Announces Blockchain Governance Upgrade - CoinDesk

Polkadot has upgraded its decision-making process to be more inclusive and decentralized, while dramatically increasing the number of proposals that can be voted on, the blockchain ecosystem’s founder, Gavin Wood, announced at the annual community gathering, Polkadot Decoded.
Polkadot’s Governance version 2 (Gov2) will remove any preferential “first-class citizens” in terms of governance, such as the Polkadot Council and Technical Committee, leaving a single class of referendum participants, an accompanying blog post states. The new version also includes various tweaks to streamline governance processes so that many decisions can be made simultaneously.
Gov2 is set to launch on Kusama, Polkadot’s more nimble and experimental sister network, imminently, according to the blog post, following a final professional audit of its code. Once Gov2 is tested on Kusama, a proposal will be made for the Polkadot network to vote on, Wood added, without stating how long that process will take.
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Read Full Story: https://www.coindesk.com/tech/2022/06/29/polkadot-chief-gavin-wood-announces-...

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