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Polkadot’s Governance System Gets an Update: What You Need to Know

Polkadot Update

One of Ethereum’s main competitors, Polkadot (DOT), has announced an update to its governance structure that eliminates the voting category formerly known as “First Class Citizen” from the network. Tradecurve, a new hybrid exchange, will be the first cryptocurrency trading platform to integrate artificial intelligence (AI) into its system, enabling trading with AI assistance, as AI becomes more and more prevalent in our daily lives.

The network will enter a new phase of decentralization thanks to a significant change to its governance structure released by Polkadot (DOT), a significant Ethereum rival. In order to offer the Polkadot community complete authority over the network, as part of the network upgrade, Polkadot developed OpenGov, which enables holders of the DOT token to vote and propose referenda to change the network.

Innovation is the Keyword in New Polkadot Update

By granting users equal voting rights, Polkadot intends to transform its network into a completely independent, transparent, and effective decision-making network. As a result, the Technical Committee and the Polkadot Council—two so-called first-class voters—were disqualified from participating in the voting by OpenGov. Now, a holder’s voting power is determined by the number of DOT tokens they possess.

Polkadot Update

Numerous initiatives have been investigating the potential of artificial intelligence (AI) in the cryptocurrency and blockchain field since the release of OpenAI’s ChatGPT in November 2022.

The first cryptocurrency exchange platform with AI integration to facilitate algorithmic or automated trading is being developed by Tradecurve, a new hybrid exchange.

With the addition of AI-assisted trading, Tradecurve customers will be able to take advantage of the trading platform’s sophisticated mathematical models. The platform’s AI trading function will allow users to place trades automatically by supporting a number of criteria, including price, time, and volume.

Tradecurve will offer copy trading in addition to AI trading. Using this tool, traders may easily mimic the trading strategies of other Tradecurve users who have had greater success.

To produce a well-rounded platform, Tradecurve, a hybrid exchange, combines the greatest attributes of both centralized exchanges (CEXs) and decentralized exchanges (DEXs). Currently, in the fourth stage of its presale, Tradecurve’s native utility token sells for $0.018 per unit but is anticipated to increase by as much as 40% in the coming week.

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