Polkadot (DOT), one of Ethereum’s biggest rivals, has announced an update to its governance system, removing the voting group formerly referred to as ‘First Class Citizen’ from the network. As artificial intelligence (AI) becomes a part of our everyday lives, Tradecurve, a new hybrid exchange will become the first crypto trading platform to integrate the technology into its system allowing for AI-assisted trading.
▪ Polkadot (DOT) has entered into a new era after a major update to its governance system
▪ The update has made the Polkadot network more decentralized by eliminating ‘First Class Citizen’ groups
▪ A new hybrid exchange, Tradecurve (TCRV) will integrate AI into its trading platform to allow for AI-assisted trading.
Polkadot Makes Update to its Governance System
Polkadot (DOT), a major Ethereum challenger, has announced a major update to its governance system to take the network into a new era of decentralization. As part of the network update, Polkadot launched OpenGov to give the Polkadot community full control of the network by allowing holders of the DOT token to vote and propose referenda to make changes to the network.
Polkadot hopes to transform its network into a fully autonomous, transparent, & efficient decision-making network by giving users equal rights to vote. As a result, OpenGov has removed the so-called first-class voters like the Polkadot Council and the Technical Committee from the voting. Now, the amount of DOT tokens a holder has determines their voting strength.
In addition, this new governance infrastructure will allow for multiple governance proposals to be simultaneously voted on by the Polkadot community. With OpenGove in place, Polkadot has been transformed into a fully decentralized Web 3 project where all the governance processes are directly controlled by its community members.
Tradecurve<
Go to Source to See Full Article
Author: Crypto Daily
Did you like this?
Tip BTC Newswire with Cryptocurrency
Donate Bitcoin to BTC Newswire
Scan the QR code or copy the address below into your wallet to send some bitcoin:
Donate Bitcoin Cash to BTC Newswire
Scan the QR code or copy the address below into your wallet to send bitcoin:
Donate Ethereum to BTC Newswire
Scan the QR code or copy the address below into your wallet to send some Ether:
Donate Litecoin to BTC Newswire
Scan the QR code or copy the address below into your wallet to send some Litecoin:
Donate Monero to BTC Newswire
Scan the QR code or copy the address below into your wallet to send some Monero:
Donate ZCash to BTC Newswire
Scan the QR code or copy the address below into your wallet to send some ZCash:
Tip BTC Newswire with Cryptocurrency
Donate Bitcoin to BTC Newswire
Donate Bitcoin Cash to BTC Newswire
Donate Ethereum to BTC Newswire
Donate Litecoin to BTC Newswire
Donate Monero to BTC Newswire
Donate ZCash to BTC Newswire
