The Klaytn Foundation has unveiled its plans to introduce a new governance system to provide opportunities for community involvement while encouraging various decentralized projects to operate on the Klaytn platform
Klaytn Foundation Unveils New Measures
The Klaytn blockchain will soon be much more transparent and have better provisions for community involvement. The blockchain will soon be administered by a new governance system that is being established by the Klaytn Foundation to improve its technical capabilities, sustainability, and decentralization. The foundation was first set up to build and decentralize the Klaytn blockchain, which is the leading Layer 1 blockchain in South Korea. On Sunday, the foundation unveiled its final Decentralization Phase of Governance Roadmap, which will focus on increasing community involvement in decision-making and opening up block validation processes by 2024. Dr. Sangmin Seo, Representative Director of the Klaytn Foundation, said,
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