Transaction governance refers to the systems and processes that oversee how transactions are conducted, validated, and recorded within a blockchain network. It ensures that all users follow established protocols and rules to maintain order and integrity.Different blockchain networks implement various governance models. These models can range from decentralized decision-making, where holders of tokens have voting rights, to more centralized forms where a single entity has control. Effective transaction governance helps mitigate issues like fraud, double-spending, and disputes.Additionally, transaction governance involves monitoring user behavior and transaction history. This oversight helps to enforce compliance with legal and regulatory requirements. By maintaining transparent and accountable processes, it builds trust among users and stakeholders.Overall, transaction governance plays a crucial role in ensuring the smooth operation, reliability, and security of blockchain ecosystems. It balances the need for innovation with the necessity of trust and accountability.