Polymesh Glossary

Decentralized networks rely on governance to ensure they remain operational, and fork-resistant. Blockchain governance is the system for managing decision-making, chain upgrades, and various other updates that guide the chain’s continued evolution. Polymesh governance is on-chain, which provides better transparency, demonstrably includes stakeholders in decision-making, and leads to greater on-chain coordination. Owing to its voting process, any POLYX holder can participate and help influence the chain. By managing network upgrades through on-chain governance, Polymesh gives all observers of the chain a clear decision on the official version of the chain and removes uncertainty for users.

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