Horizen Launches Decentralized Governance with Introduction of Horizen DAO

FinanceFeeds Editorial Team

Horizen inaugurates a novel decentralized autonomous organization, inviting broader community participation and heralding a new chapter in blockchain governance.

Horizen, a well-regarded open-source, public protocol with an expansive and varied ecosystem, is thrilled to announce the debut of the Horizen DAO. This leap symbolizes an enhancement in the project’s governance and a powerful call to the Horizen community. With an underlying commitment to involving its members in pivotal decisions, Horizen seeks to make the ecosystem’s voice resonate.

The Core of Horizen DAO

“Decentralized Autonomous Organization” or DAO is rapidly becoming the gold standard in blockchain’s decentralized governance landscape. As a community-centric endeavor since its inception, Horizen has consistently valued the following:

  • Transparency
  • Accountability
  • Security
  • Active Community Participation
  • Ongoing Refinement
  • Societal Accountability

For a more in-depth look into Horizen’s governance ethos, the Horizen governance page offers extensive insights.

Proposal Evolution and the Essence of Voting

At its core, the Horizen DAO democratizes decision-making, from technical nuances to wide-ranging enhancements. Protocol Improvement Proposals (IPs) are central to this, offering a framework for integrating novel features and core modifications.

Specifically, Horizen introduces two distinct types of IPs, ZenIPs, and EONIPs, associated with the Horizen mainchain and EON sidechain, respectively. The linchpin of this decentralized governance is Horizen’s native cryptocurrency, $ZEN.

With the power vested in the $ZEN holders, they become the critical drivers behind Horizen’s evolution. Every $ZEN holder enjoys the right to cast votes on various proposals. Moreover, those possessing or delegated the necessary $ZEN quantum can also introduce new proposals for community consideration. Delegating voting prowess to trusted community members is also facilitated to bolster efficient governance.

For an exhaustive understanding of Horizen DAO, the Horizen Governance page sheds light on improvement proposal sequences, voting methodologies, foundational principles, and more. Don’t hesitate to explore and contribute to Horizen’s promising trajectory. After all, this journey is as much yours as it is ours!

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