What are the governance models employed by different blockchain technologies?

Different blockchain technologies employ various governance models to ensure effective decision-making and consensus among stakeholders. One commonly used model is the centralized governance approach, where a central authority controls the decision-making process. This model offers efficiency but raises concerns about centralization and concentration of power. In contrast, decentralized governance models, such as proof-of-stake and delegated proof-of-stake, distribute decision-making power among token holders or elected delegates. These models aim to foster more inclusive and democratic decision-making but may face challenges in achieving consensus. Additionally, some blockchains implement hybrid governance models that combine elements of centralization and decentralization to strike a balance between efficiency and transparency. Overall, the choice of governance model plays a critical role in shaping the values and direction of a blockchain technology.

This mind map was published on 9 September 2023 and has been viewed 62 times.