Polkadot Unveils New On-Chain Governance Model - Aliens: AI Crypto News & Markets Updates
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Polkadot Unveils New On-Chain Governance Model

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Crypto Briefing

Wed, Jun 29, 2022

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Polkadot is getting a new on-chain governance model.

The new "Gov2" model aims to improve inclusivity and decentralization while increasing the number of decisions Polkadot governance is able to make.

Polkadot founder Gavin Wood announced the new governance structure as part of the Polkadot Decoded 2022 conference.

The main goal of the new governance model is to increase the number of collective decisions the Polkadot governance system is able to make.

Additionally, the new model will retire the governance council and technical committee’s involvement in voting, replacing their role with a new Polkadot Fellowship.

Polkadot’s new governance model is not the first major update for the Layer 0 blockchain in recent months.

The newly-announced Polkadot governance model is set to launch on Kusama imminently, following a final professional audit of its code.

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