A new approval process, where most Optimism proposals will auto-pass unless a stakeholder vetoes, will come into force on Aug. 1 to reduce the burden on contributors.
Ethereum layer-2 scaling solution Optimism is set to update its governance system for the second time this year — this time, with the intent of becoming more decentralized.
In a blog post on Friday, the Optimism team said the changes taking effect Aug. 1 as part of the “Season 8” revamp will introduce stakeholder voting, a public definition of citizenship and an auto-pass process for proposals.
“The goal has always been to create a governance model designed for a new internet; now we understand that means lowering platform risk by creating accountability where corporate governance models have failed to do so,” the team said.
Read more
If you liked the article, do not forget to share it with your friends. Follow us on Google News too, click on the star and choose us from your favorites.
If you want to read more News articles, you can visit our General category.
