Quick Understanding | Algorand's Latest Governance Mechanism and Future Trend Analysis

Author: Future小哥哥 We call all the reward's 3.2 billion Algo the Algorand Ecosystem Resource Pool (AERP). The new governance system will be deployed in two phases. Initial Phase: Starting from Q4 2021, with certain aspects implemented off-chain. Complete System: Expected to be ready in early 2022, with all aspects fully on-chain and controlled by smart contracts. Once the plan is approved by the community, 2 billion Algo in the AERP will be immediately locked, and the foundation will not be able to use these funds.