Episode 109 - On-chain vs Off-chain Governance BlockShots: Blockchain Simplified
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- Technology
In this episode, we understand the two ways of doing blockchain governance - on-chain and off-chain.
When the decisions to update the blockchain software are driven by processes off the chain (online forums, meetups, etc.) then it leads to off-chain governance.
When the decisions are made using a voting process that is recorded on the blockchain (as transactions) and when the update of the blockchain is driven via this voting, then it is on-chain governance.
This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit podcast.blockshots.net
In this episode, we understand the two ways of doing blockchain governance - on-chain and off-chain.
When the decisions to update the blockchain software are driven by processes off the chain (online forums, meetups, etc.) then it leads to off-chain governance.
When the decisions are made using a voting process that is recorded on the blockchain (as transactions) and when the update of the blockchain is driven via this voting, then it is on-chain governance.
This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit podcast.blockshots.net
3 min