What is Governance?

Blockchain governance refers to the formal structure that a blockchain ecosystem maintains to ensure the long-term integrity, transparency, and technical innovation of the project. An equitable governance structure involves different methodologies for voting on platform technology, strategy, updates, and rules. Blockchain governance typically includes both on-chain governance (like cryptographic algorithms that govern the network's computational architecture and consensus mechanism) and off-chain governance (like interpersonal decision-making that is not written in computer code).