According to PANews, three anonymous cryptocurrency developers have proposed a new mechanism called 'panoramic governance' to incentivize governance participation and protocol growth within Layer2 blockchains.

According to the white paper written by 0xCygaar, 0xBeans, and 0xMons, panoramic governance can be implemented on any Layer2 blockchain using native governance tokens and a sorting system, where users pay gas fees for faster transaction sorting and reliable pre-confirmation.

Panoramic governance consists of two interdependent systems: one system allocates sorting fees to governance voters actively participating in the network, while the other system allows voters to directly guide token emissions to the protocols built on a given blockchain.