Investing.com – (ADA) and (DOT) are often dubbed ” killers” due to their different approaches to tackling Ethereum’s limitations. As the competition between these projects heats up, focus is turning to their governance models, where both blockchains promise to give users a say in their future.
Polkadot has adopted an open governance system called OpenGov, which enables all DOT token holders to propose and vote on changes directly. This on-chain, permissionless approach allows the community to decide on various issues, from technical adjustments to treasury spending.
Polkadot’s treasury is currently valued at around €300 million. It’s allocated for various projects, with funds spread across different spending categories. The community can vote on proposals over periods of 7 to 28 days, based on their complexity and importance. The recent “Decentralized Voices” balances voting power by giving more influence to active community members.
