The Polkadot (DOT) ecosystem is billed to see plenty of extra functionalities via focused protocol upgrades which can be set to go dwell within the close to time period. In line with a brand new Twitter thread by Invoice Laboon, a Kusama Council Member, not less than two key proposals to spice up community performance have attained over 95% approval by voters.
The primary proposal, dubbed Referendum 101, approving a Wasm Sensible Contracts Bounty has obtained 99% sure from voters regardless of having about 14 extra days remaining for voting. The Wasm Sensible Contracts Bounty will assist make Polkadot parachains typically safer.
Referendum 101, approving a Wasm Sensible Contracts Bounty (Bounty #19), is at the moment passing with 99% in favor and 14 days left to vote. https://t.co/LWxWwQraPJ
— Invoice Laboon | W3F (@BillLaboon) February 13, 2023
In addition to this, referenda 103 and 104, which search to unbrick the Zeitgeist parachain, are at the moment passing, with 98% in favor and 19 days left to vote. These new upgrades will assist to democratize governance for substrate blockchains on the Polkadot community.
In all, there’s additionally a proposal to extend the minimal variety of energetic validators on the Polakdot community to 500. This can additional improve the timing for transaction validation whereas additionally fast-tracking occasions that may assist Polkadot stay extremely responsive and practical as a blockchain community.
Polkadot worth outlook
Polkadot is experiencing a extra bearish worth motion on the time of writing. The coin is altering arms at $6.06, down 4.17% over the previous 24 hours and by 8.29% within the trailing seven-day interval.
The governance voting on Polkadot is anticipated to stir a extra optimistic worth motion total on the worth motion of DOT. Whereas this isn’t the case in the meanwhile, Polkadot has recorded plenty of thrilling milestones up to now this yr, showcasing how shut the worth could also be to a breakout within the close to time period.
With energetic accounts up 64% as of the fourth quarter of final yr and the chance of the bullish new referenda passing, Polkadot is trying greener than it at the moment presents itself to be right now.