A governance attack occurs when individuals or groups manipulate the decision-making processes of a blockchain network. This can happen through various means, such as acquiring a large number of tokens to gain voting power or exploiting weaknesses in governance protocols.The goal of a governance attack is typically to influence changes that benefit the attackers, potentially harming the broader user base. This might include changes to transaction fees, block validations, or even the redistribution of tokens. Common tactics include holding or purchasing a significant portion of a cryptocurrency’s supply to achieve majority control during votes. Another method involves colluding with other holders to push through proposals that serve specific interests. Such actions can lead to a loss of trust in the system and result in financial losses or network disruptions. Understanding governance dynamics is crucial for protecting against these types of attacks and ensuring the integrity of the blockchain.
Avalanche Treasury Co. to Go Public in $675M Deal With Mountain Lake Acquisition
Avalanche Treasury Co. (AVAT), a digital asset treasury company aligned with the Avalanche Foundation, said Wednesday it has agreed to