Gavin Wood: Polkadot will start the first council election, after which all governance functions will be opened

Gavin Wood, the founder of Polkadot, said that holders of Polkadot DOT must act to elect the first Polkadot Council. Polkadot has launched the first voting and will finally determine how many Planck decimal points the standard DOT has. As this process continues, the candidate chain of the Polkadot network will enable the second function, the election of the council. If everything goes according to plan, the next upgrade will enable all governance functions and remove the management (Sudo) privileges of the web3 foundation, which is the third and fourth phases of the online phase. Within the time required to execute a single transaction, the “Chain Candidate” suffix will be deleted, and the real Polkadot mainnet will be born, paving the way for enabling DOT transfer functions. But before releasing all the governance functions of Polkadot, an initial council must be selected, and it can be implemented starting from version 15 of Polkadot runtime.