Definition ∞ An on-chain voting mechanism is a system where governance decisions for a decentralized protocol are recorded and executed directly on the blockchain. Participants typically use their token holdings to cast votes on proposals, and the outcome is transparently and immutably stored. This method ensures that voting processes are verifiable and resistant to manipulation. It directly links token ownership to influence over the protocol’s future direction.
Context ∞ News often covers significant governance votes and their implications for protocol development or treasury allocation. Debates frequently concern voter participation rates, the influence of large token holders, and the design of voting systems to promote equitable decision-making.
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