Ethereum co-founder Vitalik Praises Optimism for Its Governance Model and Its Citizen House

3 years ago
Ethereum co-founder Vitalik Praises Optimism for Its Governance Model and Its Citizen House 2
  • Buterin praised the governance model, saying that it would pb to semipermanent occurrence done the practice of non token holders’ interests.
  • Optimism airdropped the OP governance token earlier successful the week.
  • Community members and others person shown a batch of excitement for the caller governance experiment.

Ethereum co-founder Vitalik Buterin offered immoderate praise and enactment for Optimism’s governance proposal. Buterin tweeted connected June 3 saying that the “Citizen House” effort was a bully illustration of however semipermanent occurrence was champion supported by explicit practice of non-token-holder interests.

This is simply a large illustration of wherefore I'm truthful arrogant of @optimismPBC for adding non-token governance (the Citizen House).

Optimism explicitly has goals *other* than conscionable "make OP spell up", and the lone mode to bash that semipermanent is with explicit practice of non-token-holder interests. pic.twitter.com/vofVVx53mC

— vitalik.eth (@VitalikButerin) June 3, 2022

Buterin’s effusive praise comes astatine a clip erstwhile the crypto marketplace has seen immoderate aggravated treatment connected however decentralized governance should beryllium executed. Optimism is bringing successful caller ideas, which whitethorn person ample ramifications going forward.

The Optimism Collective is simply a governance inaugural that is intended to turn the decentralized ecosystem, and that it volition diagnostic communities, companies, and users. Optimism announced the OP token and the airdrop for it successful precocious April 2022, saying that it was a “large-scale experimentation successful integer antiauthoritarian governance.”

Buterin besides provided links to 2 blog posts wherever helium talked astir wherefore helium was opposed to governance models that are token-hodler-centric. Optimism’s caller governance connection is thing but the latter, featuring 2 houses: the “Token House” and “Citizens’ House.” The 2 blog posts speech astir issues that the 2 governance houses mean to woody with.

The Token House features OP token holders, portion the second has NFT owners with “soul-bound” non-transferrable citizenship. Together, they volition equilibrium short-term and semipermanent initiatives. Both volition beryllium progressive successful deciding web parameters and granting citizenships.

Optimism’s Future Looks Optimistic

Optimism has been the taxable of a batch of affirmative headlines lately, buoyed by its caller governance efforts. It wasn’t agelong earlier the Optimism terms page popped up connected Coinbase, and galore exchanges person listed the OP token.

Optimism assemblage members person besides been hard astatine work, proposing a punishment for those who airdropped the token pursuing listings. The OP token price dropped by 60% soon aft it appeared connected centralized exchanges, sending the assemblage into a flurry of discussion.

buterin appreciates OptimismOP price: CoinMarketCap

Many teams and projects volition beryllium keeping an oculus connected the scaling solution’s experiments. So far, the aboriginal looks bright, with bully assemblage enactment and a keen involvement from the wider crypto assemblage connected however the governance exemplary volition fare. More airdrops are connected the way, which should besides bring immoderate dense excitement.

View source