Importance of governance

The most successful blockchains will be those that can best adapt to their environments.Assuming these systems need to evolve to survive, initial design is important, but over a long enough timeline, the mechanisms for change are most important. As a result, I believe governance is the most vital problem in the space. Other fundamental problems like scalability are arguably best approached by using governance to set the right incentives for people to solve them. We are increasingly living in digital networks, spending an average of 11 hours a day on screens and internet connected devices, growing 11% each year. However, these networks are highly centralized (Facebook, Google, Apple, Twitter) and continue to consolidate.

In the current model, all of the profit and power of a network is within one company, and you’re either inside or you’re outside. It’s important the networks we live in serve our best interests.With blockchains emerging as the new global infrastructure, we have the opportunity to create vastly different power structures and program the future we want for ourselves.I believe blockchain governance system design is one of the highest leverage activities known.

Recently, I have also participated in various blockchain governance activities, such as gitcoin (which is a multi-party decentralized cooperation platform) and nucypher (which is a blockchain privacy layer). Through voting, I can participate in these governance activities, so that the progress of the project can be carried out smoothly, and I can better provide opinions for the upgrading of the project, For me, this is a very participatory undertaking.

Of course, I also hope @covalent can launch more governance activities, and community members can actively participate in project development through participating in governance. It is recommended to use Aragon.