Question

What is off-chain governance?

Answer 1

Off-chain governance refers to decision-making processes that occur outside of a blockchain network or protocol. This can include discussions, debates, voting, and other forms of decision-making that are conducted off the blockchain, typically through community forums, social media, online platforms, or other communication channels. Off-chain governance mechanisms are often used to address more subjective or complex issues that may not easily be resolved through on-chain mechanisms alone.

Answer 2

Off-chain governance refers to decision-making processes and mechanisms that occur outside of the underlying blockchain network. These processes could involve discussions, voting, and negotiations among stakeholders in a more informal or decentralized setting, rather than being directly coded into the blockchain protocol. Off-chain governance can be used to address issues such as protocol upgrades, changes to network parameters, and community governance.