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The Blockchain Paradox

From ethereum’s conflicted handling of The Dao attack to bitcoin’s block size “civil war,” to the new staking, baking and voting models for upgrading protocols and electing delegates in more recent blockchain projects, “governance” has long been a heated topic in blockchain communities


As pressure for capacity upgrades has grown along with blockchain adoption, communities have struggled to find an idealized “decentralized governance” model for agreeing on code changes and software forks. The difficulty is understandable. After all, the very idea of blockchain governance can seem like a paradox wrapped in a dilemma. The paradox: “How do you change something which is ‘immutable’?”

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