Top 5 Articles on Blockchain Governance
By: Jerry Yu
A successful blockchain is one that can evolve and adapt to future obstacles. A blockchain is created by code and thus the initial code is important to create a blockchain that can easily adapt, but the governance protocol is more important in the long run. You need people to agree with the way the blockchain is run and to have incentives for people to continue using the blockchain. In simplest terms, a blockchain governance protocol revolves around two things: creating incentives for users and miners alike and having mechanisms for coordination or communication. If you want to learn more about blockchain governance, here are the 5 best articles:
- This article is the ultimate guide to blockchain governance. It goes in depth about why it matters, the components of governance, shows the governance of Bitcoin and Ethereum, shows new chains experimenting with on-chain governance, explains future governance approaches that have not yet been tried, and explains forking. It is very informative and explains everything in a simple to understand form.
2. This article is mostly about why a cryptocurrency needs a good blockchain governance. It goes into the problems with the Bitcoin and Ethereum models and advocates for the idea of a self-governing models.
3. This article goes deep into on-chain cryptocurrency governance. It explains what it is and goes into the question of whether it is plutocratic or not. It talks about the positives and negatives of a stake based governance but also about alternatives to it.
4. This article is a simplified version of what governance systems have been implemented and why investors should care about the governance system.
5. This article is a simplified version of what is a governance protocol, what are the Bitcoin and Ethereum governance models, and goes briefly into Tezos and its governance.