Episode 109 - On-chain vs Off-chain Governance

BlockShots: Blockchain Simplified

English - January 15, 2024 21:23 - 3 minutes - 2.74 MB
Technology Education blockchain distributed ledger decentralized systems Homepage Download Google Podcasts Overcast Castro Pocket Casts RSS feed

Previous Episode: Episode 108 - Fork Choice Rule

Next Episode: Episode 110 - Orphan or Uncle Blocks

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