Omnity Litepaper
  • 📜Omnity Litepaper
  • 🗒️Summary
  • 🔮Challenges
    • Settlement and Execution Chains
    • Canonical Bridges
    • IBC Protocol
    • Relayers
    • Hub Security
    • Peg Zones
  • 💡Novel Solutions
    • IC Customs and Routes
    • Interoperability Requirements
    • Zero Off-chain Components
    • Execution Chain Finality
  • ⚙️IC Enablers
    • Chain-Key Cryptography
    • High-computational and Storage Efficiency
    • Native Integrations with Bitcoin and Ethereum
    • Reverse Gas Model
    • On-chain Governance
  • 📈Upgrowth
    • Protocol Revenue
    • Goals
  • 📝Coda
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  1. IC Enablers

On-chain Governance

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Last updated 1 year ago

The final mile of decentralization is on-chain governance. Even if a protocol is 100% implemented by smart contracts, decentralization remains an unachievable goal if the control of these contracts lies in the hands of an individual or a team.

IC offers the , an advanced form of a DAO, facilitating the open community's unchallengeable ownership of the protocol. Octopus's core team plans to hand over control rights to the SNS within one year after Omnity’s mainnet launch.

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Service Nervous System (SNS)