Overview

Bifrost is a decentralized blockchain system, and all parameters on the chain can be iterated or modified by the Root authority of the referendum. Therefore, BNC holders are the only actors participating in on-chain governance.

In order to simplify the governance process and improve efficiency, Bifrost has integrated the Polkadot Gov2 module, which divides the original single referendum track into multiple ones, and each track corresponds to a different pass rate or a specific pallet for processing different types of proposals.

Learn more about Polkadot OpenGov: https://wiki.polkadot.network/docs/maintain-guides-opengov