How Crowd Power and Carrots Are Redefining Blockchain Governance

It’s not just blockchains that have to reach consensus: the people using them also need to be in agreement. Otherwise, chain splits occur, as has happened to Bitcoin 47 times and counting. Blockchain governance has traditionally been dull, involving primitive voting systems and low participation. But as projects like Aragon and Kleros are starting to show, with the right incentives, community engagement will increase significantly, resulting in a fairer and more representative decision-making process.

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