Comment on page
Polkassembly is the governance forum for the Polkadot and Kusama network along with majority of its parachains.
The goal of Polkassembly is to enable hosting of a decentralized, transparent, and inclusive process for making decisions about the direction and development of the Polkadot and Kusama network along with its parachains.
It is a platform where users can propose and vote on changes to the network, such as updates to the protocol, the addition of new features, or the allocation of funds.
Users who hold a certain amount of the platform's native cryptocurrency are eligible to participate in on-chain governance on Polkassembly by proposing and voting on proposals.
This is done through on-chain voting, which means that the voting process is recorded on the blockchain and is transparent and verifiable.
For example, DOTs are the native tokens in case of Polkadot. Any DOT tokenholder has to power to participate in voting for Polkadot Governance on Polkassembly.
On-chain voting has several benefits for the governance of a network. The most prominent ones can be summarized as ->
- 1.Greater participation and inclusivity - as anyone with a sufficient amount of native tokens can participate in the voting process.
- 2.Transparent and verifiable voting process - as all votes are recorded on the blockchain and can be publicly audited. This helps to prevent fraud and ensure that the outcome of the voting process accurately reflects the will of the community.