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What is the best onchain governance system?

All Cryptocurrencies

by COINS NEWS 26 Views

The chang hardfork is just around the corner to bring fully decentralised liquid democracy onchain governance to Cardano. The current proposal is 1ada=1vote with no algorand style locking mechanism, and no time-based rewards like DOT.

There are other methods ETH which has has essentially no governance mechanism.

Solana has a similar 1sol=1vote but the voting is done off chain.

Do you think governance should require a lock up, and do you think it is necessary for the vote to be onchain?

submitted by /u/Roland_91_
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