Voting power refers to the influence an individual or entity has in decision-making processes within a blockchain network. It often determines how proposals, protocol changes, and governance issues are resolved.In systems that use proof-of-stake or similar mechanisms, voting power is usually proportional to the amount of cryptocurrency a user holds. The more tokens a user has, the greater their ability to sway outcomes in their favor. This can lead to concentration of power among a few large holders, known as “whales.”In decentralized autonomous organizations (DAOs), voting power is typically based on token ownership. Members can vote on various proposals, including funding allocations or project directions. This helps to ensure that decisions are made collectively, although it can still be skewed toward those with more tokens.Overall, voting power is essential for governance and community engagement, affecting everything from network upgrades to the distribution of funds. Balancing this power is crucial for maintaining fairness and decentralization within the ecosystem.