Polygon (MATIC), an Ethereum (ETH) Layer 2 scaling solution, has unveiled a significant Improvement Proposal (PIP-29) that aims to establish a Protocol Council responsible for executing upgrades to system smart contracts. This proposal marks a major step towards implementing Governance 2.0 on the Polygon network.
Polygon Unveils Protocol Council
Per the announcement, the proposed Protocol Council consists of thirteen prominent community members, including Polygon co-founder Jordi Baylina, Coinbase protocol specialist Viktor Bunin, Ethereum Foundation researcher Justin Drake, and Cometh CEO Jerome de Tychey.
The council’s primary role will be to perform regular and emergency changes to the Polygon 2.0 components, ensuring both the security and upgradeability of the system’s smart contracts.
The introduction of the Protocol Council addresses the need for a robust governance framework that can adapt to evolving circumstances and enhance the security of Polygon’s ecosystem, accor
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