Klaytn Foundation, one of the key developer and code maintainers of the Klaytn blockchain, is making changes to the network's governance system and make changes to the token model of native KLAY tokens, it told CoinDesk over the weekend. The Foundation will aid Klaytn blockchain's transition to a wholly permissionless validator structure, provide opportunities to the general public to participate as block validators, and introduce a communication channel for Klaytn's community members to participate in decision-making processes.

These changes are expected to enhance Klaytn's overall technical capabilities, revenue sustainability, and decentralization aspects while contributing towards making KLAY more valuable eventually. To make these changes, the Foundation will work alongside the Klaytn Governance Council (GC), a group of network participants that currently oversee the governance of the Klaytn network. (Coindesk)

Get the latest news here: Cointime channel—https://t.me/cointime_en