Polkadot Unveils Proposal for Next Generation of Governance

The Polkadot network will launch the Gov2 on Kusama Chain after a final professional audit of its code.

Polkadot creator Gavin Wood revealed the next generation of governance for the DOT ecosystem after the V2 is tested on Kusama a proposal will be made for the Polkadot network to vote on.

The new governance system does not intend to break from the original tenet, where 50% of the total stake in the system should be able ultimately to direct the system's future also does not detach from the Conviction Voting introduced in Polkadot that aims to provide further weight to users willing to look their tokens into the system for longer.

“Where it differs most is how it manages the practical means of day-to-day decision-making, making the repercussions of referenda better scoped and agile in order to dramatically increase the number of collective decisions the system is able to take. Let’s look a little deeper into how it works.”

Read full news at: http://cryptounity.news/polkadot-unveils-proposal-for-next-generation-of-governance

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