Blockchain governance is the formal structure that a blockchain ecosystem maintains to ensure the project’s long-term integrity, transparency, and technological innovation. An equitable governance structure incorporates various voting methodologies for platform technology, strategy, updates, and rules. On-chain governance (such as cryptographic algorithms that govern the network’s computational architecture and consensus mechanism) and off-chain governance are both common in blockchain governance (like interpersonal decision-making that is not written in computer code).
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