Decentralized governance models from "summary" of The Basics of Bitcoins and Blockchains by Antony Lewis
Decentralized governance models involve decision-making processes that are distributed across a network of participants, rather than being controlled by a central authority. In these models, rules and policies are typically determined through a consensus mechanism, where a majority of participants must agree on a course of action before it can be implemented. This consensus mechanism is often enforced through cryptographic algorithms, such as those used in blockchain technology.
One of the key advantages of decentralized governance models is that they can be more resistant to corruption and manipulation than centralized systems. Because decision-making power is distributed among a large number of participants, it is harder for any single entity to exert undue influence over the process. This can help to ensure that decisions are made...
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