Near Protocol, in collaboration with Gauntlet, has revealed a new governance proposal that has led to a 10% surge in NEAR’s price value.
The proposal aims to replace the traditional one-person-one-vote approach and introduce the stake-weighted voting system. 
The cryptocurrency industry is undergoing rapid transformation with every crack of dawn. Crypto tokens are actively working towards decentralization. Cardano for instance is on the last juncture to attaining full decentralization.
In a recent development, the Near Protocol Foundation has collaborated with Gauntlet creating a governance framework proposal that aims to bolster decentralization, accountability, and the overall performance of the ecosystem. The governance proposal comes with a unique twist, where it does away with the one-person-one-vote approach, introducing the stake-weighted voting system. This means that holders with larger stakes possess great influence.
NEAR Protocol is on the verge of taking the next step in

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