"Blockchain Governance" TAG

Considerations for Dispute Resolution Mechanisms in Enterprise Blockchain Networks
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A key tenet of cryptoeconomic design is to avoid relying on the subjective judgment of a central authority for consensus, and, instead, reach consensus regarding transactions in an automated and prescribed manner. However, as occurs in all networks, transactional disputes between counterparties nonetheless arise periodically, necessitating mechanisms and procedures for their resolution, which are not...
On Centralization and Business Development in the NFT Entertainment Space.
  • research
As the blockchain sector debates the potential migration of DeFi applications from Ethereum to other networks, similar considerations are being made about NFT-based entertainment applications. While Ethereum remains the smart contract platform with the highest level of NFT-related activity, there exist genuine concerns regarding its ability to scale in order to accommodate a growing userbase....
Parsiq and Centralized Governance
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On October 6th, CoinMetro, a centralized exchange and the primary exchange on which Parsiq was traded, was hacked and had a significant number of both its native XCM and Parsiq’s PRQ token drained from its hot wallets. As a result of this hack and, moreover, the Parsiq team’s actions to correct the hack, PRQ’s price...
Foss Governance
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Based on the similarities between Free and Open Source Software and Blockchain governance, Placeholder’s Mario Laul recommends several best practices to blockchain organizations. These practices, in Laul’s view, are conducive to success in governance, which he understands as “…measured by the quality and adoption of the software over time, the frequency and handling of major conflicts, and...
COMP: Fundamental Analysis and Valuation Considerations
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Though the Decentralized Finance (DeFi) sector has collectively experienced rapid increases in adoption in recent months, there is perhaps a no more dramatic example of supposed growth in the sector than that of Compound, including, among other metrics, the explosive market capitalization expansion of COMP, the money market protocol’s new native governance token. From a fundamental cryptoeconomic...
The World Economic Forum’s Presidio Principles
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The current document identifies four user rights signatories would pledge to uphold: a right to information about the system, a right to data protection, a right to own and manage data, and a right to understand available recourse. Participation is voluntary, although the WEF reserves the right to ‘de-list’ entities found in violation of the rights. As...
MakerDAO and Community-led Governance
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The Maker announcement suggests the project’s security and long term sustainability depend on successfully transitioning to community-led governance and was quickly followed April 6th with the circulation of 13 ‘Maker Improvement Proposals’(MIPs) designed to elicit discussion and counter-proposals on the foundational processes for its governance system. The Maker Foundation’s plans for leadership transition are notable for several reasons.On...
Distributed Governance: Beyond Token-based Voting
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Overview Early blockchains’ project and protocol governance was (and continues to be) done off-chain, through systems like Bitcoin’s BIP Proposals or Monero’s Forum Funding System, where proposed protocol changes get discussed and development funded. Forks, hard and soft, were the primary vehicle for implementing protocol changes, considered by industry observers as key governance mechanisms, giving...
Decred
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Overview Jake Yocom-Piatt, Decred’s founder, developed an outlook on Bitcoin while working on btcsuite that would come to inform Decred’s development. Bitcoin, in Jake’s experience, had an ineffective and inefficient governance structure, lacked funding for protocol development, and inadvertently gave Proof of Work miners outsized influence on development decisions. Decred’s design and architecture intends to...
Intro to Blockchain Governance: Bitcoin
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How are software changes decided in distributed systems? The example of Bitcoin illustrates some key challenges in blockchain governance. Overview ‘Cryptocurrency’ and ‘decentralized’ are sibling concepts. The founding paper of bitcoin stresses that a cryptography-based transaction system would be peer-to-peer, free of a third-party authority. This is in contrast to ‘fiat’ currencies centrally controlled by...