The blockchain of today has brought to us governance in a decentralized network and it has been a topic of considerable interest at the moment. When we say governance, DAO is actually the overall of what we are talking about which means, Decentralized Autonomous Organization. You will agree with me that we all live in an environment where detailed information about private individuals is being
collected and traded. This happens in many cases without the knowledge or consent of the individuals involved, this makes blockchain technology releveant as a tool which can help protect people against invasions of privacy.
In addition, blockchain technology
can.be seen as a means to take back control, and as a contribution to greater fairness and democracy. There are lack of cleared decision making for developers of decentralized networks, and this has caused practical challenges. In addition to this, some projects fold up because the community aren't in aggreement with project team decision on new features or technical update discovered around the project, this is why governance in decentralized system is highly important.
Now, lets talk about Dogechain governance, past, present and future of its ecosystem.
With clear understanding that revealed the importance of governance in decentralized system, Dogechain, a layer 2 blockchain that supercharged Dogecoin and allows the holders of DOGE play around DeFi, NFTs, and GameFi launched Dogegress.
What is Dogegress?
According to the front page of the platform, is a decentralized governance platform dedicated to Dogechain. It makes it easy for the Dogechain community to create and vote on proposals, with veDC, the governance token of Dogechain.
In the history of Dogegress, 94.13% passed on average when considering the 5 past proposal and the most recent one was in July 2023 with a topic Dogechain Meme Revolution DAO Vote with 2,500,000 $DC rewards and ran for a week.
Knowing that voting on a proposal can bring you rewards, its important to engage when you hold the token of the project especially when the transaction fee of your engagement is insignificant to your holding. Dogechain transaction fee is very low and do you know what, new proposal is planned and in few hours from this article, you can check Dogegress to participate.
The New Proposal And Its Important to The Ecosystem
Dogechain is known for its low transaction fee, but the team is upgrading to use zkEVM one of the new infrastructures of Polygon Network.
What are the benefits expected?
- Secuity
- Lower gas fees
- Compatibility with the EVM
- Scalability
What You Need To Interact With Dogegress
When it comes to interacting with any project of yours, you need to hold the utility token. $DC is the utility token of Dogechain while staking it gives veDC which enables you to interact with proposals on Dogegress.
Dive into how to get $DC
If you are holder of DOGE you only need to bridge your DOGE into Dogechain network by following the instruction in the below caption after you launch Dogechain Bridge Platform
If you are not an holder of $DOGE, get it on your prefer exchange and send to your none custodial account.
Next step is to swap your $DOGE for $DC, you can do this on QuickSwap DEX. Remember to change your metmask network to Dogechain, if you need assistance on this, join Discord Server or Telegram Group and only respond to public chat, Be SAFU.
Next is to stake/unlock your Swap $DC and enjoy passive income on your staked Asset and interact with Dogegress when a new proposal is released.
In comclusion, Blockchain technology has given us diverse opportunities that we can leverage and increase our daily earning, we only need to position for it and maximum the opportunity.
Disclaimer: I am not a financial advisor, consider every information i released as an educational piece for you to do your own research.
You can learn more about Dogechain through its official website..
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