On-chain governance integrity refers to the assurance that a blockchain protocol’s decision-making process, executed directly on the ledger, remains resistant to manipulation or undue influence. It concerns the fairness, transparency, and security of voting mechanisms and proposal implementations. Maintaining this integrity is vital for the decentralized and autonomous operation of many crypto projects. It ensures that protocol upgrades and parameter changes reflect the genuine consensus of stakeholders.
Context
Debates surrounding on-chain governance integrity often address voter apathy, whale dominance, and potential collusion among large token holders. Mechanisms like quadratic voting or delegated proof of stake are explored to improve participation and decentralization. Future developments aim to implement more robust identity solutions and reputation systems to foster more equitable and secure governance outcomes.
A new sortition protocol leverages verifiable randomness to select transactions fairly, eliminating the centralized sequencer's ability to extract MEV.
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