Blockchain Chat: What is Blockchain Governance and How Does It Affect Us?

Описание: In simple terms, “Governance” is a structure that every user or participant agrees to follow. Everything we use is under some form of governance. Its core purpose is to meet the user or participant’s needs with available resources as efficiently as possible and achieve the long-term sustainability of the structure. It applies to any type of group, be it in the real world or digital.

At a high level, blockchain governance refers to the mechanisms by which decentralized networks adapt and change over time. While blockchain networks should be intelligently designed, it’s only natural that new considerations are uncovered once a protocol has been tested by the public.

Let's talk about this important concept from our point of view.