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.
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