In an effort to move toward a more decentralized form of governance, Polygon, a scaling solution for the Ethereum blockchain, published a proposal on Thursday to establish a “Polygon Protocol Council.” The proposal nominated 13 initial members, including representatives from Coinbase and the Ethereum Foundation.
The proposal, known as PIP 29, will be “responsible for the narrow-in-scope, timelock-limited changes to system smart contracts implemented on Ethereum for existing and future Polygon protocols,” Polygon said in a press release.
According to the announcement, the council will “execute the community-led process to initiate future upgrades, including those proposed in the Frontier phase of Polygon 2.0.”
Members of the larger blockchain community will make up the committee.They are Jordi Baylina, a technical lead at Polygon Labs, which is the main developer behind the Polygon project; Zaki Manian, co-founder of Sommelier Finance; Justin Drake, researcher at the Ethereum Foundation; and Viktor Bunin, protocol specialist at Coinbase.As per the news release, these members will need to use a Gnosis Safe contract in order to implement modifications to the Polygon blockchain.
The announcement made on Thursday is a component of the Polygon 2.0 roadmap, a set of recommendations and enhancements that were unveiled in June that would modify the blockchain’s design.A spokesman for Polygon Labs, the main developer of the different Polygon networks, first proposed the notion of a “community-controlled Ecosystem Council security model” in a post back in June.
“This proposal is a first step in a broader goal of further decentralizing governance for Polygon protocols in a security-oriented and responsible way,” Polygon wrote in their blog post. “Going forward, the community will help steer membership and terms of the Council through direct feedback, PIP proposals, as well as off- and on-chain voting components.”