Parity Technologies to propose parachain governance framework for Polkadot
Cointelegraph
Published Mar 09, 2021 07:30AM ET
Updated Mar 09, 2021 09:00AM ET
Parity Technologies, the company behind Polkadot, is planning to roll out a new parachain governance framework that could enhance the use case of the network.
“Statemint” is the first proposed common-good parachain for the Polkadot network, Parity Technologies announced Tuesday. A common-good parachain is a parachain that’s granted slots via governance as opposed to the auction mechanism that underlies Polkadot. The auction method doesn’t work effectively for all parachains — i.e., those that could be considered as “common goods.”
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Written By: Cointelegraph
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