Automated governance refers to the use of smart contracts and algorithms to manage and enforce rules within a blockchain ecosystem. This system allows for decision-making processes to be executed without human intervention, relying on pre-coded rules and protocols.Key aspects of automated governance include voting mechanisms, where stakeholders can propose and vote on changes to the system. These votes are executed through smart contracts, ensuring transparency and immutability. This process minimizes the potential for manipulation or bias, as decisions are based on consensus achieved through code.Additionally, automated governance often includes mechanisms for funding and resource allocation, allowing projects to adapt and evolve based on community needs. This approach fosters collaboration among participants, enabling a more decentralized and democratic way to manage projects.Overall, automated governance enhances efficiency, security, and inclusivity in decision-making, allowing communities to thrive without centralized control.
UK’s FCA to Allow Retail Investors Limited Access to Crypto ETNs
The UK’s Financial Conduct Authority (FCA) will permit retail investors to access certain crypto asset-backed exchange-traded notes (cETNs) for the