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A First Step Towards On-Chain Decentralized Governance Such an action would be auditable on-chain, and should reflect an off-chain agreement between DReps and delegators Governance actions We define seven different types of governance actions A governance action is an on-chain event that is triggered by a transaction and has a deadline after which it cannot be enacted
Who Controls a Blockchain? Understanding Blockchain Governance Models On-chain governance is a blockchain-based voting system where changes to the protocols are proposed and decided through smart contracts Off-chain governance involves informal discussions and decision-making that happen outside the blockchain Hybrid models combine elements of both on-chain and off-chain governance to create a more balanced system
On-Chain And Off-Chain – Key Features And Main Differences What are the main differences between on-chain and off-chain transactions? On-chain transactions are recorded directly on the blockchain, offering higher security but slower processing times, while off-chain transactions occur outside the blockchain, providing faster transactions with lower fees
A novel framework for policy based on-chain governance of blockchain . . . For example, (), distinguishes four layers of governance in blockchain projects; infrastructure, application, company, and institutional while () defines governance layers as off-chain community, off-chain development, and on-chain protocol The blockchain governance concept focuses on keeping blockchain up
What Are Blockchain Governance Mechanisms? Defined And Explained What are common types of governance mechanisms in blockchain? Common types include on-chain governance, where decisions are made via protocol-defined rules and smart contracts, and off-chain governance, which involves informal discussions and decision-making by community consensus
Onchain vs Offchain Voting | Tally docs Onchain voting refers to governance systems where individual votes are submitted as transactions, and recorded directly on the blockchain Submitting onchain requires users to pay a transaction fee for each vote Smart contracts can be designed to execute proposals automatically based on the outcome of onchain votes, removing the need for a trusted third party or core team to enact vote