Blockchain governance refers to the frameworks and processes that guide decision-making within blockchain networks. It addresses how rules are established, modified, and enforced, as well as how stakeholders, including developers and users, interact.There are two primary types of governance: on-chain and off-chain. On-chain governance leverages the blockchain itself for decision-making, enabling community members to vote on proposed changes directly. This involves smart contracts and often requires a certain level of consensus from token holders.Off-chain governance, on the other hand, occurs outside the blockchain. It relies on discussions, proposals, and votes managed through forums, social media, or other platforms. While this approach allows for more in-depth debates and discussions, it may lead to fragmentation if not managed well.Effective governance is crucial for the sustainability and adaptability of blockchain projects. It helps resolve disputes, implement upgrades, and ensure that the network aligns with its community’s interests and values. As such, strong governance mechanisms can enhance trust, participation, and the long-term viability of a project.