The top rival of the Ethereum (ETH) layer-2 scaling solution Polygon (MATIC) is announcing that it will be transitioning to decentralized governance as well as airdropping a significant amount of its new native asset, ARB.
In a new blog post, the developers of the ETH-scaling solution Arbitrum (ARB) detail the protocol’s upcoming plans to switch to being governed by a self-executing decentralized autonomous organization (DAO).
“Today marks the launch of The Arbitrum Foundation and DAO Governance for the Arbitrum One and Arbitrum Nova networks. Arbitrum has become the first EVM [Ethereum Virtual Machine] roll-up technology to achieve the second stage of decentralization…
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Arbitrum’s DAO governance is self-executing, meaning that the DAO’s votes about on-chain actions will directly have the power to effect and
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