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SoK: Blockchain Governance. (arXiv:2201.07188v2 [cs.CR] UPDATED)
Jan. 20, 2022, 2:20 a.m. | Aggelos Kiayias, Philip Lazos
cs.CR updates on arXiv.org arxiv.org
Blockchain systems come with a promise of decentralization that often
stumbles on a roadblock when key decisions about modifying the software
codebase need to be made. This is attested by the fact that both of the two
major cryptocurrencies, Bitcoin and Ethereum, have undergone hard forks that
resulted in the creation of alternative systems, creating confusion and
opportunities for fraudulent activities. These events, and numerous others,
underscore the importance of Blockchain governance, namely the set of processes
that blockchain platforms …
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