quartz/content/notes/governance.md

title	aliases	tags
governance		blockchain

A structure through which a participant or user of a system agrees to use the system

There are three key elements of governance: Rulers, Rules and Participants. The rulers set the rules based on the participants goals and needs.

Governance types:

• Standard (e.g., corporations, non-profits, partnerships &c)
  • Direct (each user takes part in the governance model by directly affecting every decision. Votes determine the actions)
  • Representative (user vote to choose a representative who makes decisions on their behalf)
• Blockchain (managing the ever changing state of the blockchain's needs nand demands)
  • Off-chain/On-Chain
    • off-chain/soft- similar to institutions - a group of individuals trusted by the community form a group which is responsible for the blockchain's governance and well-being
    • on - users within the chin, directly vote on decisions to be made, changes are then made automatically depending on the outcome - this all happens intra-protocol
  • Governance of the infrastructure/govrenance by the infrastructure

Block chain governance

Four central parties

• Core developers
• Node operatoes
• Token holders
• Blockchain team