Definition ∞ Digital democracy refers to the application of digital technologies to enhance democratic processes and citizen engagement. It involves using platforms and tools to facilitate participation, deliberation, and decision-making in governance. In the cryptocurrency space, this concept is often linked to decentralized governance models that allow token holders to vote on protocol changes and project direction.
Context ∞ The current discourse on digital democracy within the crypto sphere centers on the efficacy and scalability of decentralized autonomous organizations (DAOs) and other on-chain governance frameworks. Debates frequently address issues of voter apathy, the potential for plutocracy, and the technical challenges of implementing secure and fair voting mechanisms. The examination of real-world applications and their impact on decentralized project management is ongoing.
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