Let’s talk about Governance in Blockchain and how decisions are made in decentralized networks! Unlike traditional systems where a central authority controls decisions, blockchain governance is often community-driven. Two main models are on-chain and off-chain governance. On-chain governance uses smart contracts to let stakeholders vote directly on proposals, with decisions automatically implemented. Off-chain governance, like in Bitcoin, involves discussions and voting outside the blockchain, with updates implemented by consensus among developers and miners. This ensures no single entity has control. For more blockchain insights, follow along for quick tech tips!
