The Polkadot network will launch the Gov2 on Kusama right after a final professional audit of its code.
Polkadot creator Gavin Wood unveiled the next generation of governance for the DOT ecosystem – Gov2. Only after the v2 is tested on Kusama, a proposal will be made for the Polkadot network to vote on., the new governance system does not intend to break from the original tenet, where 50% of the total stake in the system should be able ultimately to direct the system’s future.
“Where it differs most is how it manages the practical means of day-to-day decision-making, making the repercussions of referenda better scoped and agile in order to dramatically increase the number of collective decisions the system is able to take. Let’s look a little deeper into how it works.
All users may start a number of referenda at any time, and anyone can vote on these. There are no limitations; however, to make it less cumbersome, Gov 2 presents some features to the referendum process. A referendum must satisfy several criteria before they proceed to the “Deciding” stage, until which it will remain “undecided.”
Only after reaching the “Deciding” stage the referendum becomes eligible to be approved. The voting period is 28 days. Proposals that are not approved during this time period will be marked rejected by default.Gov2 also has provisions for proposal which are probably already being voted on but contains a problem, and canceling it, is the only way to go.
Polkadot has also retained and enhanced a feature called Vote Delegation in Gov2 by enabling a user to delegate their voting power to another voter in the system.
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