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

Reading now: 717

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.

The website is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.