Crypto Governance: Why It CANNOT Be Ignored!! (Ep 231)
Coin Bureau
00:00
On Chain Government Structures
On chain governments is common among proof of state crypto currencies such as polcadot, salana, terror and eventually etherium. Government structures often feature a community treasury, which is formed from a portion of staking rewards coming from newly minted tokens or transaction fees. The most basic on chain government structures give users one vote for each coin or token they hold,. A proposal is passed if 51 % of participating coins or tokens vote in favor of the proposal. Once successfully passed, a portion of treasury funds are allicated to whatever improvement or initiative the proposal sought to bring about.
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