Truth About Blockchain Governance You Probably Don't Know

Discover who actually controls blockchain with Sean Bennett. In this video, he explains how decentralized networks make critical decisions, distinguishing between on-chain voting and off-chain discussions on blockchain. Learn about the advantages of both approaches and why most networks use a hybrid model to balance decentralization. Find out which model Stronghold uses to regulate their SHx token.

SHx Governance Rules: https://docs.shx.stronghold.co/

Stronghold is a leading payments infrastructure company dedicated to revolutionizing financial services. Our mission is to provide fast, secure, and accessible financial solutions for everyone. Leveraging cutting-edge developer APIs, we empower access to both legacy and next-generation financial services.

At Stronghold, we harness the power of SHx to facilitate real-time settlement, offer fee discounts, implement a robust rewards program, and provide merchant cash advances through decentralized finance. Join us in shaping the future of finance and unlocking new possibilities in the digital economy.

Check out our website: stronghold.co
Join our discord: http://sghd.co/discord
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Timestamps
0:00 - Introduction
0:13 - Why people trust fiat currency?
0:30 - Who controls cryptocurrency?
1:00 - On-chain decision-making
1:13 - Off-chain decision-making
1:44 - Hybrid governance structure
1:55 - Stronghold SHx governance model

#blockchain #cryptocurrency