The Polygon (MATIC) community has skilled important progress and growth since its institution. Over the years, the mission has fashioned helpful partnerships with famend firms, showcasing its progress.
Recently, the Polygon staff made an announcement concerning the forthcoming launch of Polygon 2.0. This improve goals to reimagine completely different parts of the community, together with tokenomics, protocol structure, and governance. The blueprint for Polygon 2.0 guarantees a complete set of upgrades to boost the general performance and effectivity of the community.
Now, in response to the newest particulars that surfaced, Polygon Labs builders have proposed restructuring the governance mechanism.
Polygon builders suggest the creation of a number of layer-2s
Details from the proposal unveiled that it seeks to create a number of layer-2s on the community. Additionally, the builders careworn that the brand new construction could have three major pillars. Each of those pillars will even have a selected operate.
According to the small print, the primary proposal, which is the protocol governance, will permit customers to analysis and suggest Polygon protocol upgrades. The first pillar will purely concentrate on the Polygon Improvement Proposal (PIP) framework growth.
The second pillar features a “System Smart Contracts Governance” pillar that allows protocol upgrades and software program implementations via good contracts. These modifications will likely be supervised by an Ecosystem Council, elected and ruled by the group, consisting of esteemed members.
The third pillar encompasses numerous sides geared toward enhancing the Polygon community’s performance and governance restructure. Among the notable options is the introduction of a “Community Treasury” governance mechanism designed to help ecosystem progress and mission funding. This governance mechanism will likely be overseen by an unbiased Community Treasury Board, with plans for a future transition to community-driven governance.
According to CoinMarketCap information, MATIC is buying and selling at $0.739, with a 1.3% drop in worth during the last 24 hours.
