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We hope Polygon keeps the Decentralization promise until the end and continues to improve the Blockchain and help big and also small projects flourish in the ecosystem.

Polygon - Decentralization

The Polygon team is adamant that decentralization is not an option, but rather a distinguishing feature of blockchain technology and one of the driving reasons behind future innovation. A Polygon Governance Team was recently established because of this. The organization's goal is to eventually decentralize Polygon's products by utilizing both off-chain and on-chain governance structures.

Decentralized governance is a term that gets little attention. It doesn't lead to celebrity-led conferences in the Web3 space, and it doesn't get any credit for attempting to solve the most pervasive problems that political systems have faced ever since humans began organizing. The only time anyone outside of a tiny group of ardent supporters has heard of the idea is in connection with the most recent DAO popularity spike.

However, we don't need to look any further than Web2 to see the effects of centralized governance. Particularly, it may be argued that centralization and vertical decision-making have contributed to the current situation, in which massive Internet businesses compete for monopoly control at the expense of end consumers.

While a perfect system would completely rely on objective inputs to avoid the need for governance, it is important to recognise that in our less-than-ideal world, subjective inputs are always required to move a project ahead. As a result, the actual owner of the network will be the one who decides which subjective inputs are allowed. A challenging conundrum between efficiency and legitimacy has historically arisen when discussing governance. Since authoritarian leaders don't have to engage in bureaucratic procedures or consult any constituencies, the paradox manifests itself in their ability to make decisions more quickly than their democratic counterparts.

To use the Roman Republic as an example, the Roman Republic would cede all authority to a dictator during times of war, giving a more centralized organization the authority to resolve a state's existential problem with the expectation that it would be restored after the battle was over. It was believed that a single office, unrestricted by politics and bureaucracy within the republic, would be best equipped to handle a situation in which promptness and decisiveness of decision-making would determine the republic's existence or demise.

Years later, we can examine instances where the position of dictator was abused, such as when Julius Caesar notoriously clung to power and proclaimed himself a "dictator for life." But we frequently overlook tyrants like Lucius Cincinnatus, a farmer who, after taking power and defeating his rivals, immediately abdicated and went back to his home. This analogy applies to blockchain projects that recognize the importance of efficiency and adaptability for success in the new environment while also appreciating the innovation that comes from real decentralization. They are committed to gradually decentralizing after the war effort, or in our terms, after the most challenging stage of product-market fit, acting as "benevolent dictators," a term that may have originated with Lucius Cincinnatus.

Polygon - A Proof of Stake Blockchain
We believe there are points in each product's life cycle where a gradual increase in decentralization should occur. Those moments are characterised by both the product and community around it approaching maturity.

In that regard, Polygon Proof-of-Stake Chain is the most developed product in the Polygon line-up, and we'll use it to demonstrate our ideas and the subsequent work that is being done with regard to project governance.

The choice of Validator is one of the main points here. A Validator set, currently capped at 100 by the Polygon Team, is made up of validators who are in charge of operating nodes that produce blocks and submit checkpoints on Ethereum. This set was created during testnet and has remained the same up to this point. However, it has since become clear that a permissionless mechanism is required for the replacement of underperforming Validators. Due to worries about cartelization, a proposal for an auction mechanism was developed and released on the governance forum.

In essence, until obtaining a 2/3 consensual majority, a single affluent player could remove Validators with a lower stake. A risk of this nature is obviously unacceptable because it would mean switching from one form of centralization to another.

The team is now considering a number of possible measures to reduce the danger of cartelization in light of those factors.

Polygon - More than a DAO
An involved and knowledgeable governance community is required for any decentralized governance to function. The Polygon Ecosystem DAO is the first endeavor into building a venue for a community like that. In September, a group of community members called the Genesis Team was formed, and they now contribute financially to the ecosystem's expansion. The team is hard at work developing procedures and doing research to serve as a community-led ecosystem growth facilitator, bolstered by Polygon's more than $1 million contribution.

The Polygon Team also invited projects active in the ecosystem to take part in the growth-focused governance of the DAO. Dozens well-known projects have contacted them with high interest in financially supporting the DAO and fostering ecosystem development.

Additionally, even though the official governance communications currently take place in forums dedicated to the DAO and Validator Ecosystems, Polygon aims to bring the governance communities together on a single platform. In summary, the objective is to create and strengthen a vibrant governance community that actively thinks, considers, and ultimately decides on Polygon's future course.

Polygon - Transparency is key
The path toward gradual decentralization is difficult. Identity crises are frequent among those who choose that path since projects need to strike a balance between the demands of various groups. However, fully permissionless systems open up previously unimaginable possibilities for both our traditional social structures and the way we think about technology.

Transparency is one of the tools that can't be overemphasized, and Polygon is committed to pursuing it as they set out on this path. You can anticipate a general increase in governance communications, and finally a governance transparency application.

We hope Polygon keeps the Decentralization promise until the end and continues to improve the Blockchain and help big and also small projects flourish in the ecosystem.

The key for success is helping the community and its governors spread the word and awareness.

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Written By

Petrache Ionut

Jul 7, 2022