IOST, a blockchain technology application platform, announced the launch of On-Chain Governance v2.0. The upgrade content includes: optimizing the proposal process, lowering the proposal threshold, and upgrading the on-chain governance UX. IOST users who hold more than 1,000 IOST in the main network account can independently initiate IOST ecological development proposals, which will be decided by a referendum of all-node partners. This governance mechanism also allows all community members to indirectly participate in IOST governance by voting for IOST node partners. The number of votes a node partner gets will affect their decision-making weight in the governance portal. Note from Foresight News, IOST On-chain Governance v1.0 will be launched on July 1, 2020.