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A new app<\/a>roval 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.<\/p>\n Ethereum layer-2 scaling solution Optimism is set to update its governance system for the second time this year \u2014 this time, with the intent of becoming more decentralized.<\/p>\n In a blog post on Friday, the Optimism team said<\/a> the changes taking effect Aug. 1 as part of the \u201cSeason 8\u201d revamp will introduce stakeholder voting, a public definition of citizenship and an auto-pass process for proposals.\u00a0<\/p>\n \u201cThe 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,\u201d the team said.\u00a0<\/p>\n Read more<\/p>\n<\/p>\n If you liked the article, do not forget to share it with your friends. Follow us on\u00a0Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n If you want to read more News<\/a> articles, you can visit our General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n\n