Opengov technology
Overview
OpenGov is an on-chain governance framework developed for the Polkadot ecosystem, replacing the earlier governance model that included a council and technical committee. It allows token holders to propose and vote on referenda directly, with proposals assigned to different tracks based on their scope and risk. OpenGov aims to streamline decision-making by removing intermediate bodies and implementing a more flexible voting mechanism.
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Frequently asked questions
What is OpenGov?
OpenGov is an on-chain governance framework developed for the Polkadot ecosystem, replacing the earlier governance model that included a council and technical committee.
How does OpenGov allow token holders to participate?
OpenGov allows token holders to propose and vote on referenda directly, with proposals assigned to different tracks based on their scope and risk.
What is the purpose of OpenGov?
OpenGov aims to streamline decision-making by removing intermediate bodies and implementing a more flexible voting mechanism.