PolkaWorld Hits Pause as Founder Faults Polkadot Governance Change - Decrypt


17 Sep 2023 10:42 PM

OpenGov grants every token holder a vote, versus a previous council system of experts that evaluated and approved proposals....

  • PolkaWorld, a Chinese community on the Polkadot network, had its funding proposal rejected, leading to the suspension of its operations.
  • The proposal requested funds to cover operational and maintenance costs, but it was overwhelmingly rejected by the community.
  • Members of the community criticized the new open governance structure implemented on Polkadot, called "OpenGov," and its impact on long-term contributors.
  • PolkaWorld expressed optimism about the new governance framework but suggested reinstating some aspects of the previous council system.
  • Markian Ivanichok, founder of Brushfam, also announced leaving Polkadot due to concerns with OpenGov and other reasons.
  • Polkadot recently underwent a leadership change, with CEO Gavin Wood stepping down from his role.

The sentiment in the article is mostly negative, as it discusses the rejection of PolkaWorld's funding proposal, criticism of the new governance structure, and the departure of Markian Ivanichok from Polkadot.

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You May Ask

What led to the suspension of PolkaWorld's operations?How did the Polkadot community respond to the funding proposal?What is OpenGov, and why did some members of the community criticize it?Who is Markian Ivanichok, and why did he decide to leave Polkadot?What recent leadership change occurred in Polkadot, and what was the impact?

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