# Bitocracy 3.0 - Sovryn's Decentralization Leap!

**URL:** <https://forum.sovryn.com/t/bitocracy-3-0-sovryns-decentralization-leap/3039>\
**Category:** Bitocracy\
**Created:** [September 7, 2023, 5:03pm UTC](https://forum.sovryn.com/t/bitocracy-3-0-sovryns-decentralization-leap/3039 "2023-09-07T17:03:48Z")\
**Posts on this page:** 3\
**Page:** 1

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**Author:** ![LukaGrunt](https://dub1.discourse-cdn.com/flex017/user_avatar/forum.sovryn.com/lukagrunt/32/483_2.png) [@LukaGrunt](https://forum.sovryn.com/u/LukaGrunt)\
**Post date:** [September 7, 2023, 5:03pm UTC](https://forum.sovryn.com/t/bitocracy-3-0-sovryns-decentralization-leap/3039/1 "2023-09-07T17:03:48Z")

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![Bitocracy3.0_2](https://europe1.discourse-cdn.com/flex017/uploads/sovryn1/original/2X/3/380bc01d802142caaaf62406fdc13dc324a2f438.jpeg)  
Sovryn steps into a new era with Bitocracy 3.0 - giving the true power to the community. This is one of the things that set Sovryn apart from any other Bitcoin DeFi project. Vote and make this a reality!

**SIP-0046: Empowering Community Control**  
When Sovryn embarked on this journey, governance was centralized with the Exchequer Multisig. But now, Bitocracy 3.0 is about to reshape the way Sovryn is governed:

1️⃣ Transitioning governance from Exchequer to Bitocracy  
2️⃣ Introducing Bitocracy 3.0, granting near-total control to SOV stakers  
3️⃣ Separating Bitocracy and Contracts Guardian roles for heightened security  
4️⃣ Tackling technical challenges for a seamless transition

This moment marks a profound shift towards greater security and decentralization, reinforcing Sovryn’s unique position.

**SIP-0047: Fortifying Governance with Multisigs**  
To further bolster our governance model, we’re establishing new Multisigs for Bitocracy and Contracts Guardian roles:

1️⃣ Deploying Safe Multisig contracts with Protofire’s expertise  
2️⃣ Updating governance and Guardian transfer scripts, preparing the way for Bitocracy 3.0

These strategic moves solidify Sovryn’s growth and resilience.

**Get a Glimpse:**  
To dive deeper into our roadmap for leaving Alpha, check out our previous blog post ⬇  
[[Sovryn's roadmap for leaving Alpha | Sovryn](https://stay.sovryn.com/3Ga16t)]  
A more detailed version is in the works, coming soon!

Your participation is essential in shaping Sovryn’s future. Join us on this exciting journey!

**Stay Sovryn!**

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**Author:** ![btcLegosi](https://dub1.discourse-cdn.com/flex017/user_avatar/forum.sovryn.com/btclegosi/32/1195_2.png) [@btcLegosi](https://forum.sovryn.com/u/btcLegosi)\
**Post date:** [September 9, 2023, 11:31pm UTC](https://forum.sovryn.com/t/bitocracy-3-0-sovryns-decentralization-leap/3039/2 "2023-09-09T23:31:28Z")

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✊ ✊ 🧡

¡Stay Sovryn!

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**Author:** ![floppy](https://avatars.discourse-cdn.com/v4/letter/f/a587f6/32.png) [@floppy](https://forum.sovryn.com/u/floppy)\
**Post date:** [September 11, 2023, 12:31pm UTC](https://forum.sovryn.com/t/bitocracy-3-0-sovryns-decentralization-leap/3039/3 "2023-09-11T12:31:09Z")

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This is great, the platform is maturing nicely. Looking forward to vote!