Optimism announces major protocol governance overhaul… Strengthening decentralization
Heecheol Yang
Summary
- Optimism (OP) announced that it will implement a major governance system overhaul on August 1.
- With this overhaul, four main stakeholder voting, introduction of open citizenship, and proposal automatic approval will be introduced.
- Optimism emphasized that this move aims to prevent power concentration in specific groups and achieve decentralization.
Optimism (OP), the Ethereum (ETH) Layer 2 scaling solution, announced its second governance system reform of the year.
According to Cointelegraph on the 17th (local time), Optimism stated, "The overhaul, which will take effect on August 1, will introduce four main stakeholder voting, open citizenship, and proposal 'automatic approval'."
The statement continued, "The aim of this governance reform is to reduce the risk of a single stakeholder exercising decision-making power on the platform," adding, "It will prevent the concentration of power in certain groups and achieve true decentralization."
Heecheol Yang
heecheol@bloomingbit.ioHello, I'm a reporter at bloomingbit
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