What is Cryptocurrency Governance?

Crypto governance is the process by which stakeholders in a cryptocurrency or blockchain network make decisions about the network's protocol and operation. This can include decisions about software updates, changes to the network's consensus mechanism, and allocating funds for development and other expenses. One way crypto governance is implemented is through a decentralized autonomous organization (DAO), a digital organization run by code rather than by a central authority. In a DAO, stakeholders can propose and vote on proposals using their…