Blockchain Governance
Blockchain Governance refers to the processes and structures that guide decision-making within a blockchain network. It involves the rules and protocols that determine how changes are made, who has the authority to make those changes, and how disputes are resolved. Effective governance ensures that the network operates smoothly and that all participants have a voice in its evolution.
Different blockchain projects may adopt various governance models, such as on-chain governance, where decisions are made through voting mechanisms directly on the blockchain, or off-chain governance, which relies on discussions and agreements outside the blockchain. These models help maintain transparency and accountability among users.