• 22 June, 2024

Polkadot Announced the Successful Execution of Opengov on Kusama Referendum 244

Polkadot announced the successful execution of OpenGov, a V2 update to Polkadot’s first governance system that enables “even more decentralised” network governance.

Polkadot team confirms on Twitter that OpenGov has been implemented on Kusama, a public pre-production environment for Polkadot after Kusama Referendum 244 was passed, upgrading the runtime to v9320.

In comparison to Polkadot version 1’s “tricameral” governance system, OpenGov’s governance system eliminates the “Council” and “Technical Committee,” which are centralised decision-making organisations, and replaces them with Fellowship, which may include tens of thousands of experts and a multi-channel referendum.

According to the Network, OpenGov enables every decision in the Network to be made as a result of community-created referenda, “and for the first time, multiple referenda can run simultaneously, enabling more motions to be passed more quickly.”

In OpenGov, anyone can submit a referendum at any time and as many times as they want. Any DOT holder can also vote on these referenda. So there could be many referenda in OpenGov, maybe even thousands of them at the same time, which dramatically improves the efficiency of the governance system

PolkaWorld, the Polkadot global community, noted in a recent blog post.

The Network also mentioned in the Tweet thread that OpenGov is expected to go live on Polkadot in the near future and that in order to facilitate the smooth adoption of OpenGov, the Collectives para chain has launched on Polkadot.

This serves as a home for the Fellowship, as well as a number of other “common-good” collectives, such as the Polkadot Alliance, a community initiative to create an on-chain body to defend the fair use of the Polkadot brand and open-source code, in addition to the Polkadot Fellowship.

Polkadot continues to make improvement strategies for the enhancement of its ecosystem. Polkadot and Kusama now have 66 blockchains live. Polkadot’s development activity reached an all-time high on October 17, according to Cointelegraph. 

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