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The systems can be trustless and upgradable. As we get proven/tested/formally verified code that implements governance protocols we can use that code to build
by PretzelPirate 5y ago
The systems can be trustless and upgradable.
As we get proven/tested/formally verified code that implements governance protocols we can use that code to build system of allowing upgrades while allowing those who disagree to exit the system.
For example, one of the ZKRollup chains has a mechanism for upgrading that requires a small number of approvers for the “break glass” scenario. When an upgrade is approved, anyone can exit the network before the upgrade takes affect and move to a system with rules they support.
Governance models will evolve as we figure out what works and what doesn’t. Some people may be ok with a super majority being able to revert the state of a contract in response to a bug while others will want immutability at all costs.
Blockchain/cryptocurrency is about each participant deciding how much trust they are ok with, and having an open ecosystem where assets can be moved to systems that people want to use.