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Starknet DAO to implement Decentralized Governance with Voter Approval for Protocol Upgrade

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Starknet DAO to implement Decentralized Governance with Voter Approval for Protocol Upgrade

It is reported that the Starknet DAO will begin the process of decentralized governance, and the community will vote for the first time to approve whether to launch its latest protocol upgrade, Starknet Alpha v0.11.0. The DAO has chosen March 21 as the start of the upgrade voting period, which will be conducted through a snapshot and is expected to take six days to complete.

Starnet DAO will open its first governance vote on March 21st to decide on the upgrade of Alpha v0.11.0

Analysis based on this information:


The Starknet DAO, which is the governing body of Starknet, announced recently that it would begin the process of implementing decentralized governance for the network. This would be a significant development, as it would mean that the community would have greater input and control over the direction and evolution of Starknet. Centralized governance can lead to bottlenecks and a lack of innovation, as decisions tend to be made by a small group of stakeholders. Decentralized governance can unlock a network’s full potential by allowing more people to contribute to its growth and development.

The DAO has chosen to start the decentralized governance process with a vote on whether to launch its latest protocol upgrade, Starknet Alpha v0.11.0. The voting period will run from March 21 and is expected to take six days to complete. The vote will be conducted through a snapshot, which is a method of snapshotting a network’s state at a specific point in time. This will allow voters to cast their ballots based on the state of the network at that specific moment, rather than having to vote based on projected future states.

The importance of this development cannot be overstated. Decentralized governance represents a significant shift in the way networks are governed and can lead to a more open and transparent decision-making process. It can also help to build trust within communities and encourage more participation from stakeholders. By decentralizing the decision-making process, the network becomes more resilient and less vulnerable to attack or manipulation by bad actors.

In conclusion, the Starknet DAO’s decision to implement decentralized governance and allow the community to vote on protocol upgrades is a significant development that has the potential to unlock the network’s full potential. It will lead to a more open and transparent decision-making process and encourage greater participation from stakeholders. The voting period for the Starknet Alpha v0.11.0 protocol upgrade is set to start on March 21 and will be conducted through a snapshot.

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