What Is Blockchain Governance?
To understand blockchain governance, we need to first get a fair idea of what the word governance means, read on to know more. Humans tend to interest each other and build tribes, villages, town, cities, or empires. With that comes societal norms among those who are living with or near each other. These rules have different ways of pending into existence. It doesn’t matter if the governance is the real world or the digital world, there are shared underlying principles within both. These principles are: Rules, Rulers, Participants. Governance can be commenced by a government, market, network, or social system (family, tribe, development team, etc.). For a governance procedure to work successfully, the above three principles will need to play nicely with each other. For example, the rules should be aligned with the overall participants’ goals, and the rulers should enforce positive and negative actions within this governance structure. Now that we have a basic and ...