From 382a43b0f36881189a6aff0dd70fe78c6324dc90 Mon Sep 17 00:00:00 2001 From: Jay Graber Date: Tue, 16 Jun 2020 20:42:08 -0700 Subject: [PATCH] Edit governance --- topics/governance.md | 4 +++- 1 file changed, 3 insertions(+), 1 deletion(-) diff --git a/topics/governance.md b/topics/governance.md index 779624e..864a215 100644 --- a/topics/governance.md +++ b/topics/governance.md @@ -20,7 +20,9 @@ IPFS was built by the company [Protocol Labs](https://protocol.ai/), and continu ## Blockchain governance -Most blockchains are governed by companies and foundations that direct resources towards development. Only a few projects have on-chain governance, in which funding and decision-making is actually executed on a blockchain network itself. +Most blockchain protocols, like other open source projects, operate through rough consensus, guided by companies and foundations that direct resources towards development. Bitcoin has a [lead maintainer](https://blog.lopp.net/who-controls-bitcoin-core-/), who has oversight over all aspects of the project and coordinates releases. The role has been voluntarily passed along through the years. Companies such as [Chaincode Labs](https://chaincode.com/) and [Square Crypto](https://medium.com/@squarecrypto/what-were-building-lightning-development-kit-1ed58b0cab06) have contributed to funding protocol development. + +Only a few projects have on-chain governance, in which funding and decision-making is actually executed on a blockchain network itself. On-chain Governance: Dash and Decred