ZKsync's Decentralized On-Chain Governance System Explained
Friday, 13 September 2024, 04:43
Understanding ZKsync's Governance Model
ZKsync recently announced its decentralized governance system, aiming to improve community decision-making.
Key Features of the New System
- User Empowerment: The governance model allows token holders to participate actively in the protocol's future.
- Transparent Voting: All governance votes are publicly accessible on-chain.
- Community-Driven Changes: The system encourages proposals from users for protocol enhancements.
Why It Matters
This development signifies a pivotal shift in how communities engage with blockchain protocols, potentially setting a trend for decentralized systems.
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