Polkadot to scrap its 'Council' body in new governance system

Quick Take

  • The Polkadot team said that the so-called Council, a centralized body of executives, had exclusive decision-making power.
  • In future, Polkadot will remove its Council and replace it with “referendum,” its public voting system.

Polkadot has announced a new version of its governance system called Governance version 2 (or Gov2). 

With Gov2, the team hopes to significantly decentralize the decision-making process for Polkadot — an interoperability network that connects many application-specific blockchains. 

At the ongoing Decoded conference, the Polkadot core team said that its current governance system needed an overhaul as it found it to be too centralized. They stated that the so-called Polkadot Council, a centralized body of executives, had exclusive decision-making power on matters like treasury spending. This, the team argued, ran counter to the ethos of decentralization.

As a result, it has chosen to scrap the body. For Governance v2, the team has prepared a software framework that will remove the Council and replace it with "referendum," a voting system where anyone can make proposals and get them passed. 

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