Polygon 2.0 begins groundwork for decentralized governance

in poly •  last year 

Polygon 2.0 begins groundwork for decentralized governance

Polygon Labs has begun work on an expansion intended to include all blockchains and applications running on the Polygon network, and seeks to democratize the upgrade process and encourage community participation.

On July 19, the company’s developers presented a proposal to revamp the governance mechanism for the forthcoming Polygon 2.0 roadmap, with the aim of establishing several layer 2s on the network.

In line with the proposal, the developers introduced a comprehensive and innovative governance structure underpinned by “three main pillars,” each tailored to serve specific functions within the Polygon ecosystem.

The first pillar revolves around expanding the existing Polygon Improvement Proposal (PIP) framework, which enables users to propose and research upgrades for Polygon protocols. This expansion is set to encompass all blockchains and applications running on the Polygon network, democratizing the upgrade process and fostering community participation.

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