A brief discussion on the governance of public chains
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币界网报道：As a public chain, Bitcoin does not need a governance mechanism. Its ecology is maintained stable through checks and balances among developers, miners, and coin holders. Developers need community consensus to modify the code. Miners will be resisted if they usurp power, and coin holders can vote with their feet. Non-PoW public chains lack a proof-of-work mechanism and need to introduce a governance model to compensate for security issues. However, how to strike a balance between decentralization and efficiency is still a direction for exploration.
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