Polygon

The blockchain platform Polygon has proposed a new governance framework, unveiling three pillars of future growth and development of the ecosystem, as part of the network’s transition to Polygon 2.0. The three major governance aspects include Protocol Governance, System Smart Contracts Governance, and Community Treasury Governance.In a series of Twitter threads, Polygon Labs shared a detailed sketch of the new governance framework, a “result of a month-long collaboration with the community across the Polygon ecosystem”.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/7ab766d664144666afa947518fab89c0.png" />In a blog <a href="https://polygon.technology/blog/polygon-2-0-governance" rel="noopener noreferrer nofollow">post</a>, Polygon Labs shed light on the novel governance approach, intended at extending “Ethereum’s ethos and the proven model for building a flourishing community”. The platform asserted that the three pillars are focused on the development of a network of Layer 2 chains built on zero-knowledge (zk) technology. The post cited: “The Polygon technology already expands Ethereum’s blockspace; the proposed governance framework seeks to extend Ethereum’s ethos and the proven model for building a flourishing community.” As per the platform’s statement, the Protocol Governance “facilitates the decentralized maintenance and development of the Polygon tech stack”, whereas, the System Smart Contracts Governance is in charge of the upgrade of the smart contract protocol components.Read full article at <a href="https://cryptotale.org/polygon-labs-unveils-three-pillars-a-novel-governance-approach/" rel="noopener noreferrer nofollow">CryptoTale.</a>

Polygon Labs Unveils Three Pillars: A Novel Governance Approach

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