Bitocracy is the decentralized, on-chain governance system for the Concordium blockchain. It empowers the community of CCD token holders to propose and vote on changes to the protocol, such as software updates, parameter adjustments, and other critical decisions affecting the network's future. It functions as a Decentralized Autonomous Organization (DAO), ensuring that the evolution of the Concordium platform is directed by its stakeholders in a transparent and democratic manner. It is not a standalone company but an integral feature of the Concordium ecosystem.

Founded in

United States