Polkadot’s new OpenGov system will allow multiple voting processes to occur simultaneously without any bottlenecks.
Polkadot, an interconnected public blockchain network, has streamlined its governance model to allow for simultaneous voting on multiple issues. Introduced on Thursday, June 15 Polkadot OpenGovwould eliminate so-called top-notch organizations such as the Polkadot Council and the Technical Committee, an elected body that can propose referendums and approve spending proposals.
New System Tested For 6 Months Before Release
Replaces Polkadot Council and Technical Committee Polkadot FellowshipA structure named, which has no absolute power over the network and cannot change the parameters, was established.
The newly established structure currently has 45 members and is likely to continue to grow as core developers submit their nominations. Web3 Foundation Parachain System Team Leader Joe Petrowskiannounced that multiple voting proposals can be carried out simultaneously to remove bottlenecks in the current system.
Petrowski CoinDes “The previous governance system could only accept one vote at a time, with standards lasting 28 days each. That’s why you could only get 12 or 13 of the votes in a year,” he said.
OpenGov for about six months before it became available vomitingtested on the network.
