Polygon Reveals Ambitious Plan for Enhanced Decentralized Governance and Polygon 2.0 Roadmap

Polygon Reveals Ambitious Plan for Enhanced Decentralized Governance and Polygon 2.0 Roadmap

Polygon, the blockchain scaling solution, has recently unveiled its visionary strategy to establish a new governance framework that aims to achieve greater decentralization across its ecosystem. This development comes in response to the introduction of their groundbreaking Polygon 2.0 roadmap, which centers around the creation of a network featuring zero-knowledge-powered Layer 2 chains.

At the core of this new governance model lie the “three governance pillars,” meticulously designed to address the governance aspects of the platform’s core protocol, smart contracts, and community treasury governance. Taking inspiration from Ethereum’s proven governance models, Polygon seeks to incorporate their ethos and community-building techniques, as highlighted in their blog post.

Among the prominent features of the new framework is the expansion of the Polygon Improvement Proposal (PIP) framework, designed to empower community members to propose and implement changes to the network. Additionally, the introduction of the “ecosystem council” is set to play a crucial role in system smart contract upgrades, ensuring inclusivity and collaboration in decision-making.

A significant milestone in the new governance structure is the implementation of a two-phase community treasury governance mechanism. This mechanism aims to fund promising ecosystem projects, leveraging the collective wisdom of stakeholders, including validators, dApp developers, and users.

Polygon actively encourages stakeholders to actively participate in shaping the future of its governance. The team emphasizes their dedication to fostering decentralized ownership and decision-making across all Polygon protocols and the broader ecosystem, as they lay the foundation for a more sustainable and community-driven blockchain platform.