The 3rd Stronghold SHx governance vote is complete, with a total of 173,263,197 voting power participating. The vote focused on deciding which StrongholdNET APIs should be prioritized for development.
The results are as follows: https://docs.shx.stronghold.co/governance/proposals/3-opening-access-to-strongholdnet
1. Choice 1: Distributed ledger to US bank stablecoin payment APIs – 11,896,640 votes.
2. Choice 2: Distributed ledger to US bank USD-settled SHX payment APIs – 45,090,814 votes.
3. Choice 3: US bank to distributed ledger SHX-settled USD payment APIs – 116,275,743 votes.
The Winning Choice
The winning option, Choice 3, focuses on creating APIs that allow US banks to send payments through the distributed ledger with settlements in SHX tokens, ultimately processed in USD.
If you want to learn more about what the vote results mean in practice, read my previous article HERE
Why This Matters: This result highlights the community’s preference for bridging traditional banking with blockchain technology, making $SHx more accessible and integrated into everyday transactions. This could lead to wider adoption of $SHx in payment systems connected to banks. This could enhance the liquidity and utility of SHx, making it easier for people to use digital currencies in everyday financial activities. It represents a step towards blending blockchain benefits with conventional banking, simplifying how we think about and use digital currencies.
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