📌 On-Chain Governance Summary
On-chain governance is a way for blockchain communities to make decisions and manage changes directly on the blockchain. It enables stakeholders, such as token holders, to propose, vote on, and implement changes using transparent, automated processes. This system helps ensure that rule changes and upgrades are agreed upon by the community and are recorded openly for everyone to see.
🙋🏻♂️ Explain On-Chain Governance Simply
Think of on-chain governance like a digital student council where every student gets a vote on school decisions, and all votes and results are posted online for everyone to check. Instead of depending on a few people to make choices, the whole community participates and the rules cannot be changed in secret.
📅 How Can it be used?
A project could use on-chain governance to let users vote on software upgrades or how to spend community funds.
🗺️ Real World Examples
Tezos uses on-chain governance to let token holders vote on proposed protocol upgrades. Developers submit changes, and the community votes. If approved, the upgrade is automatically implemented, reducing disputes and ensuring everyone follows the same rules.
Decred allows its stakeholders to vote on project funding and policy changes directly through its blockchain. This means decisions about development priorities and spending are made collectively and transparently.
✅ FAQ
What is AI governance and why is it important?
AI governance is about setting the rules and guidelines for how artificial intelligence is created and used. It is important because it helps make sure AI is safe, fair, and works in ways that benefit everyone. Good governance means there is accountability when things go wrong and trust when things go right.
Who is responsible for making decisions about how AI is used?
Responsibility for AI decisions can be shared between developers, companies, governments, and sometimes the people using the technology. The goal is to have clear rules so everyone knows who needs to answer for how AI is used and what happens if something goes wrong.
How does AI governance help keep AI safe and fair?
AI governance puts rules in place to check that AI systems do not harm people or make unfair decisions. This includes making sure AI is tested before it is used, keeping its actions transparent, and allowing people to ask questions if they think something is wrong.
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