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Copyright of Gravitas International

With a focus on privacy and security issues

Disclaimer: The views expressed in this article are those of the authors and do not necessarily reflect the official position of the DFINITY Foundation.

Blockchain code base evolves over time. To update the blockchain codes, various interest groups, e.g. users, core developers and full-node providers (also known as miners in Bitcoin system), need to reach a consensus on what to keep and what to change. This is not easy as the interests of these stakeholders are often at odds with each other. To tackle these issues, every blockchain project has a governance system to coordinate conflicts among participants and to align their incentives with the benign development of the blockchain system. …

About

Yulin Liu

research on crypto-economics and blockchain governance

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