quartz/content/notes/governance.md
2022-11-14 14:13:11 +13:00

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Markdown

---
title: "governance"
aliases:
tags:
- 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 (self governing) - 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/governance by the infrastructure
# Block chain governance
Four central parties
- Core developers
- Node operatoes
- Token holders
- Blockchain team