Gavin Wood city Buenos Aires Blockchain Technology defi Gavin Wood city Buenos Aires

Polkadot's founder announces steps toward full decentralization with new governance model

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cointelegraph.com

Live from Polkadot Decoded in Buenos Aires on Wednesday, Polkadot 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.

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