Blockchain governance is the system of rules and processes that guide the operation, management, and evolution of a blockchain network. It encompasses all aspects of the blockchain’s functionality, including
its core protocol, consensus mechanism, changes to the code, and the
decision-making process for future developments. Effective governance is
crucial as it ensures the blockchain operates smoothly, remains secure,
and adapts to the needs and desires of its stakeholders, which includes
users, developers, miners, and investors.
