Ethereum
Who governs Ethereum? Galaxy Report Reveals All — TradingView News
Galaxy Digital has released a report showing that Ethereum’s decentralized governance is driven by off-chain voting rather than on-chain Ether holder voting.
Christine Kim, vice president of Galaxy Digital’s research team, released the report on June 3. It reveals the multiple stakeholders who hold the keys to Ethereum’s governance.
According to the report, groups collaborating on off-chain processes include client teams, validator node operators, the Ethereum Foundation (EF), and decentralized application (DApp) developers.
Cointelegraph reached out to Galaxy Digital for comment but did not receive a response via publication.
Customer teams and validator node operators
According to the report, customer teams play a central role in decision-making, proposals, discussions, and implementation of changes through Ethereum Improvement Proposals (EIPs).
“Client teams create and maintain the software necessary to run and connect to the Ethereum network.”
Validator node operators were also highlighted by the report as they have the “agency to implement or reject code changes” made to the Ethereum network – essentially voting in choosing which version of software to run.
Although the FE’s direct influence has diminished over time, it still supports Ethereum’s development efforts as its “first and foremost project.” […] non-profit organisation.