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IOST Launches On-Chain Governance v2.0 to Enhance Proposal Process and User Experience

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On February 24, IOST, the blockchain technology application platform, announced the launch of On-Chain Governance v2.0, which includes optimizing the proposal …

IOST Launches On-Chain Governance v2.0 to Enhance Proposal Process and User Experience

On February 24, IOST, the blockchain technology application platform, announced the launch of On-Chain Governance v2.0, which includes optimizing the proposal process, lowering the proposal threshold, and upgrading the chain governance UX. IOST users who hold more than 1000 IOST accounts in the main network can independently initiate IOST ecological development proposals, which are decided by a referendum of all node partners. The governance mechanism also allows all community members to participate in IOST governance indirectly by voting to select IOST node partners. The number of votes obtained by node partners will affect their decision-making weight in the governance portal.

The blockchain technology application platform IOST has launched On-Chain Governance v2.0

Analysis based on this information:


IOST, a blockchain technology application platform, recently launched the On-Chain Governance v2.0 to improve the proposal process and upgrade the overall user experience. The new upgrade includes lowering the proposal threshold, enhancing the proposal process, and making several advancements to the chain governance UX.

One of the crucial features of On-Chain Governance v2.0 is that users holding more than 1000 IOST accounts in the main network can now initiate IOST ecological development proposals, and these proposals will be decided through a referendum of all node partners. This feature empowers users to be more involved in the development of the platform.

Further, the On-Chain Governance mechanism ensures that all community members can participate in IOST governance indirectly by voting to select IOST node partners. Essentially, the number of votes obtained by node partners in the governance portal affects their decision-making weight, allowing the community members to select the most suitable node partners to represent them.

The proposal process has also experienced an upgrade, as the new version helps optimize the process, making it more convenient and reliable. This transformation aims at enhancing user experience and engagement, ensuring that the community members’ voices are heard.

The latest On-Chain Governance v2.0 being implemented by IOST promises to be a significant improvement in the way the platform operates, making it more decentralized and community-focused, ensuring that every user can have a part in the decision-making process. This feature will lead to better decision-making that considers the community’s desires and interests, ensuring that the platform continues to grow and meet its user’s needs.

In conclusion, the On-Chain Governance v2.0 by IOST is an impressive upgrade that will significantly help in the development of the platform. Many blockchain users value decentralization and community participation, and IOST has been able to consider these values while upgrading their system. By improving the proposal process, lowering the proposal threshold, upgrading the chain governance UX, and allowing users to participate in the decision-making process, IOST hopes to provide a better user experience for everyone.

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