Governance strategy refers to the methods and systems used to make decisions within a cryptocurrency network. It defines how the community and stakeholders can influence changes, manage conflicts, and determine the direction of the project.In many cryptocurrencies, governance can be centralized, with a small group making decisions, or decentralized, allowing all participants to vote on proposals. This ensures that the platform evolves according to the users’ needs and preferences.Key elements of governance strategy include voting mechanisms, proposal processes, and the role of stakeholders. Effective governance aims to balance innovation and stability while addressing community concerns. Good governance strategies promote transparency, accountability, and inclusivity, fostering trust among users, which is essential for long-term success. Different networks adopt various approaches, from on-chain voting systems to off-chain discussions, reflecting their unique goals and community dynamics.