The purpose of this referendum is to perform a runtime upgrade on Pendulum. The changes included are:

- Update Polkadot to version 0.9.42 
- Add treasury buyout extension pallet

For more details, please refer to the [GitHub release page](https://github.com/pendulum-chain/pendulum/releases/tag/pendulum-release-15).

The proposal seeks funding for OpenZeppelin's security review of Polkadot's ink! smart contract language and Substrate's smart contracts pallet. The review, conducted between January 23rd and February 17th, identified and addressed security vulnerabilities, ensuring the safety of users. Ink! serves as a crucial component for Polkadot parachains, attracting developers and enabling easy migration to parachain runtimes. OpenZeppelin, a trusted security firm, collaborated closely with Parity Technologies, the ink! team, and other contributors throughout the process. The proposal outlines milestone deliverables and payment conditions, emphasizing transparency and accountability.

Whitepaper Simplification (WPS) for Polkadot: Creation of a user-friendly summary of the Polkadot whitepaper translated into local languages.

Local Market Research: Conducting a survey to gather insights on local user preferences and pain points in the Web3 space.

Dedicated Short Guides: Producing quick 2-minute reads on different aspects of the Polkadot ecosystem.

Short-Form Content and Community Awareness: Creating monthly localized short-form content to expand Polkadot's presence in the Philippines.

Inclusion of Polkadot into Events and Talks: Integrating Polkadot branding into events and workshops hosted by Bitskwela.

Polkadot Connect Philippines & Local Community: Organizing the first Polkadot Connect meetup and establishing a local community.

Press Releases: Publishing monthly press releases on Polkadot ecosystem updates.

Business Development for Polkadot Insider: Connecting local industry players with Polkadot Insider for further market expansion.

Authorize an upgrade to a given `code_hash` for the runtime. The runtime can be supplied
later.

The `check_version` parameter sets a boolean flag for whether or not the runtime's spec
version and name should be verified on upgrade. Since the authorization only has a hash,
it cannot actually perform the verification.

This call requires Root origin.

- **Problem Statement & Audience:** Upgrade Pendulum runtime by updating Polkadot to version 0.9.42 and adding a treasury buyout extension pallet.
- **Significance:** Enhancing Pendulum's functionality and compatibility with the latest Polkadot version.
- **Proposed Solution:** Perform a runtime upgrade on Pendulum.
- **Expected Outcomes:** Improved functionality and compatibility with Polkadot version 0.9.42.

#24 Authorize runtime upgrade for Pendulum release 15

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