Definition ∞ Community-controlled describes systems or projects where governance and operational decisions are determined by the collective participants rather than a central authority. Token holders typically vote on proposals, influencing the direction and development of the platform. This model distributes power among its users.
Context ∞ The concept of being community-controlled is central to the ethos of many decentralized autonomous organizations and blockchain projects often discussed in crypto news. Debates frequently center on the efficacy and fairness of various governance models and the challenges of achieving true decentralization. This approach seeks to ensure transparency and prevent single points of failure.
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