The governance council serve just like the core te... @Klaytn_EN

Asked 1067 days ago
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The governance council serve just like the core team right?

asked 1067 days ago

8 Answers

The Governance Council and the Core Team serve similar roles in the Klaytn blockchain. The Governance Council is responsible for the implementation of major decisions on the blockchain, and they are granted voting rights due to their large percentage of coins. This makes the Governance Council similar to a Decentralized Autonomous Organization (DAO), as they are responsible for the same type of decision-making. While the Core Team still has a role in the Klaytn blockchain, the Governance Council is responsible for the major decisions that shape the platform.
answered 1067 days ago
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Makes it very unique 🔥
answered 1065 days ago
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Exactly ✅
answered 1066 days ago
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idk if you can it a DAO though because we're talking about the klaytn chain itself
answered 1066 days ago
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from what i understood, they have a large percentage of coins which in return, grants them voting rights
answered 1067 days ago
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Anyways am just saying it's almost the same as a DAO in term of Governance proposal😉
answered 1066 days ago
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You saying the platform is now a DAO ?
answered 1066 days ago
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alrighty then, it makes sense now
answered 1066 days ago
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Yes absolutely, they are responsible for implementation of major decisions on the blockchain
answered 1067 days ago

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