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83 - Beyond Coin Voting Governance | Vitalik Buterin

Bankless

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Governance Challenges in Blockchain Voting

This chapter examines the complexities of governance within coin voting systems, focusing on issues like low voter participation and the influence of large stakeholders known as 'whales.' It also introduces dual-token systems as a method to separate governance rights from economic interests, while discussing the risks of centralization and potential corruption. Furthermore, innovative governance models are proposed to enhance participation and equity, alongside the significance of decentralization in maintaining user security.

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