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Community Governance

Definition

Community governance refers to the decentralized decision-making processes within a digital asset ecosystem. It allows token holders or participants to propose, debate, and vote on protocol upgrades, parameter changes, or treasury allocations. This mechanism ensures that the development and direction of a project align with the collective interests of its stakeholders, fostering a participatory environment. The efficacy of community governance is a critical factor in the long-term viability and adoption of decentralized protocols.