HomeNewsPolkadot Referendums: Bridge Hub and HRMP channels approved, Supercolony funds on hold...

Polkadot Referendums: Bridge Hub and HRMP channels approved, Supercolony funds on hold – Latest Updates

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  • There are several referendums and proposals for changes to the Polkadot and Kusama networks currently up for vote.
  • Filippo Franchini, a blockchain developer, is providing updates on the ongoing votes through his Twitter account.

Polkadot and Kusama networks face multiple referendums and proposals

The tweets from Filippo Franchini, a blockchain enthusiast, provide some insight into the ongoing developments in the Polkadot and Kusama ecosystems. In recent tweets, he shared updates on various referendums and proposals that are currently up for vote.

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One notable referendum is number 114, which proposes to onboard a Bridge Hub system parachain to Polkadot. As of now, the referendum is passing with 99.9% in favor, and there are seven days left to vote. This proposal is significant because the Bridge Hub will serve as a gateway for different parachains to communicate with each other, enhancing interoperability in the ecosystem.

Another proposal that is passing unanimously is Referendum 115. This proposal seeks to open three new HRMP channels between Statemint and Bitgreen/Subsocial/Manta, and there are still 13 days left to vote. These channels will facilitate the transfer of data and assets between different parachains, thereby increasing connectivity and efficiency within the ecosystem.

However, not all proposals are passing with ease. Referendum 117 is currently failing with 77% in favor, requiring a supermajority to pass. This referendum seeks to force a transfer back to the Treasury from a previous Treasury Proposal. The proposal aims to return Supercolony’s lost funds to the Treasury, but it faces challenges as it requires a significant majority to pass.

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In other news, there is an ongoing discussion about establishing Polkadot Hubs in South-East Asia, with the initial focus being Indonesia, Bali. The Polkadot Hub will serve as a physical location for research and a case study on the concept of long-term physical locations all over Southeast Asia. The proposal, accessible via Google Docs, outlines the objectives and strategies of the Bali Sanctuary project.

Overall, these tweets from Filippo Franchini highlight the ongoing developments in the Polkadot and Kusama ecosystems. The proposals and referendums up for vote demonstrate the continued effort to improve and enhance the interoperability, connectivity, and efficiency of these blockchain networks.

As the ecosystem evolves and expands, it will be interesting to see how these proposals and referendums affect the growth and development of the Polkadot and Kusama ecosystems.

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Brian Johnson
Brian Johnson
A dedicated Bitcoin journalist passionate about uncovering the latest trends, developments, and innovations in the world of cryptocurrency, while delivering engaging and well-researched articles to inform and educate readers on the dynamic digital finance landscape.
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