Episode 109 - On-chain vs Off-chain Governance

BlockShots: Blockchain Simplified

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Episode 109 - On-chain vs Off-chain Governance

Gautam Dhameja

Jan 15, 2024

Transcript

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.

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BlockShots: Blockchain Simplified

Welcome to BlockShots, your guide to demystifying the world of blockchain in a clear and approachable way. Whether you're a crypto enthusiast or just starting out, our goal is to provide you with a solid foundation in blockchain technology. BlockShots is your trusted source for blockchain education in a down-to-earth, no-nonsense style. Tune in, learn, and navigate the world of blockchain with confidence.

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