A Galaxy Digital report reveals Ethereum’s decentralized governance avoids direct on-chain voting, detailing key stakeholder roles and transparency challenges.
Galaxy Digital has released a report showing that Ethereum’s decentralized governance is steered by off-chain voting rather than on-chain Ether (ETH) holder voting.
Christine Kim, vice president of Galaxy Digital’s research team, released the report on June 3. It reveals multiple stakeholders who hold the keys to Ethereum’s governance.
According to the report, the groups collaborating on the off-chain processes include client teams, validator node operators, the Ethereum Foundation (EF) and decentralized application (DApp) developers.