Governance is the way that decisions get made. The governance of a blockchain is typically decentralized and community-driven. While no single entity or individual owns a blockchain, decisions about its governance are made through various mechanisms and processes designed to ensure the network's security, stability, and evolution. The goal of decentralized blockchain governance is to ensure that decisions are made collectively and transparently, reflecting the interests of the community as a whole rather than being controlled by a central authority.
The Element Blockchain is governed by a Distributed Governance Framework (DGF), a blockchain coordination protocol made up of Element Node Owners.
What is Node Governance?
The administration of blockchain governance is supported by Node Governance LLC, a Swiss entity dedicated to this purpose. Node Governance LLC was voted under the DGF charter to operate on behalf of the Element Node Network. Among the numerous duties assigned to Node Governance is to assume the responsibility of getting the ELMT token listed on various exchanges and to facilitate proposals and voting.
The Element node network Distributed Governance Framework Interface is now accessible at Element.node-governance.io. This interface is provided by Node Governance but controlled by the Element DGF.
The Element DGF uses this interface to share information and enact the governance over the Element Blockchain. Whether you’re a seasoned blockchain enthusiast, a curious newcomer, or an avid participant in the community, we welcome you to check out the Element DGF interface.