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What is Off-Chain Governance?

Crypto Terms Glossary: What is Off-Chain Governance?

Off-chain governance is usually a voting mechanism that takes place off a blockchain protocol, typically in a face-to face fashion by several interrelated constituents. This procedure often refers to a means of establishing rules for the on-chain protocol and overall blockchain ecosystem, oftentimes through a voting process that works to determine the overall direction of the project. Off-chain governance also takes into consideration the underlying global blockchain community and several on-chain parameters to realize a stronger overall governance system.

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