Time does not stand still. Society is developing, technologies are developing, by them and by means of interaction. Over the past decade, blockchain technology has increasingly influenced people’s lives. These events are effectively managed to protect the interests and consumers of society. Even the state is moving more and more from top-down management to more horizontal management. In a digital format, users came to this format by voting through the development of sites and infrastructure — to understand the details, I will talk about decentralized network regulation.
Social power concept.
In order to imagine the governance exercised by blockchain technology, let us turn to the following concept — the concept of social power in a networked system, an example of which is distributed ledgers and the decentralized nature of blockchain technology.
Traditional management methods depend on the roles of specific participants — social status, privileges of participants, etc., and the blockchain technology re-evaluates the powers that different participants have — everything is transparent in the blockchain and every registered vote can be tracked. your vote in the system will be taken into account in any case, regardless of your social status (for example: the more system tokens you have on your wallet, the more weight your vote has).
Types of voting.
Developers can propose code updates through open participation of all contributors, and miners can vote on protocol changes based on the processing power they have. Examples of such votes can be both minor changes, as well as global ones, like hardforks: if the whole community is ready to accept the innovation, then an update takes place, and everyone works as before, but with new software. If there is a group of people who are against these changes, then the community is split. This means that on the basis of one company two different ones appear with a similar name, but with different currencies, rates and ideals (like Bitcoin and BitcoinCash).
And for example, in the Covalent project, voting takes place through the forum https://gov.covalenthq.com/, where any participant can leave his vote and the decision in the change will be for the majority.
Conclusions.
Technology opens up big opportunities for us. Decentralized network management allows conceptualizing new forms of regulation of digital social events, while traditional management methods are fading into the background.
