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18 lines
698 B
Markdown
18 lines
698 B
Markdown
---
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title: "governance"
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aliases:
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tags:
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- blockchain
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---
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A structure through which a participant or user of a system agrees to use the system
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There are three key elements of governance: Rulers, Rules and Participants. The rulers set the rules based on the participants goals and needs.
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Governance types:
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- Standard (e.g., corporations, non-profits, partnerships &c)
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- Direct (each user takes part in the governance model by directly affecting every decision. Votes determine the actions)
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- Representative (user vote to choose a representative who makes decisions on their behalf)
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- Blockchain (managing the ever changing state of the blockchain's needs nand demands)
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- Off-chain
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- On-Chain |