On-Chain Governance

B2 also has an online governance, hence the community users will be able to vote on a new proposal on the chain. Management will be based on the Compoundโ€™s Alpha Governance, and the validator holders in the chain can create and vote on new proposals. Voting rights are allocated based on the total amount transferred to the verifier. Once a 2/3 majority and >51% vote is reached for a proposal, the proposal can be executed by anyone in the chain. The community can manage rate parameters such as felony threshold or jail time.

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