Decentralized Blockchain Governance: Essential Components Explained
Decentralized blockchain governance empowers communities through transparent voting, proposals, and consensus mechanisms. Key components include Delegated Representatives (DReps), protocol upgrades, treasury systems, and structured decision-making processes. Effective governance ensures accountability, adaptability, and resilience, supporting ecosystem growth and sustainability. Cardano’s model emphasizes community involvement, decentralized control, and transparent governance to enhance network security, innovation, and long-term success.
