Effective blockchain governance models vary depending on the project's goals and community structure. Common models include decentralized governance, where token holders participate in decision-making through voting. Delegated governance, like Delegated Proof of Stake (DPoS), involves electing representatives to manage key decisions. Some projects use a hybrid approach, combining decentralized and centralized elements for flexibility. A transparent governance framework with clear rules and procedures is essential for building trust and maintaining community engagement. Incorporating on-chain governance mechanisms can also enhance participation and streamline decision-making.
source:
https://www.blockchainappfactory.com/cryptocurrency-development
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