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Governance
Definition
The process for making decisions about changes, rules, funds, or direction.
In Plain English
Governance is like the constitution and voting process for a project.
Real-World Example
Token holders may vote on protocol upgrades or treasury spending.
Why It Matters for Your Work
Governance determines who has power and how quickly a project can respond to problems.
Common Mistake
Assuming voting exists means governance is fair or decentralized.
Related Terms
View DAO
DAO
Decentralized autonomous organization: a group that uses blockchain-based rules or voting to coordinate decisions.
View Crypto Token
Crypto Token
A digital asset issued on a blockchain that can represent value, access, governance, or utility.