A decentralized governance platform that allows Decred stakeholders to submit, track and discuss proposals for suggestion and implementation of new ideas.
Politeia is used to help protect the governance system of Decred, and it enables stakeholders to make sound decisions with regard to Decred's future. It allows stakeholders to see proposals when they are submitted, discuss them, and vote on them once they are approved.
Decred is an autonomous digital currency. With a hybrid consensus system, it is built to be a decentralized, sustainable, and self-ruling currency. The blockchain-based project strongly focuses on community input and open governance.
Stakeholders made the decision to implement Politeia in 2018. The reason? Stakeholders wanted to move from Bitcoin's informal model of governance to a more formal one, which would allow for more effective decision-making and protection against changes that wouldn't work for everyone.
Politeia is important to Decred because it provides an incentive for people to hold DCR. It also allows stakeholders to contribute meaningfully, ensuring that they'll continue holding onto DCR in order to help shape the future of that currency.
Politeia is based on the concept of decentralized governance.
The idea behind decentralized governance is to take control away from central authorities and put it back in the hands of users. This way, no one person or entity can shut down a project at will, putting an end to work on it. It also allows for more diverse ideas to be developed, because anyone could submit a proposal and vote on it. The fact that these proposals can't be censored means they're less likely to be rejected.
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