What you should know about governance token

in hive-185836 •  2 years ago 

As for your information, the cryptocurrency ecosystem and the blockchain at large has grown more than just what you knows it to be. We have grown from being just centralised to decentralised and to so many other amazing ideas. Most of the things i.e the ideas that you are seeing in the cryptocurrency ecosystem and the blockchain at large are as a result of ideas from the outside world. They are all driven from what is currently happening in our ecosystem. How far we have grown when you are talking or referring to cryptocurrency and the blockchain at large lies in the fact that we have been able to come with different collective effort which have helped to drive the cryptocurrency ecosystem and the blockchain at large to the stage and state it has attain today. I must admit that I am really happy seeing different people coming out with invented ideas or innovated ideas. Above all, irrespective of the ideas, getting cryptocurrency and the blockchain at large to the promise land is all that we all aims for. It is our driven aims and objectives just like how I stated it above that we all needed. If we keep putting our individual differences aside we will achieve apex height in the cryptocurrency ecosystem and the blockchain at large deep down no matter what.

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If you have been observant enough you will see that when it comes to cryptocurrency and the blockchain at large we have really grown. Just take a look at how we have grown from buying and selling in the cryptocurrency ecosystem which is trading to how far we have progressed. I am so happy that the dream of the great Nakamoto Satoshi is birthed into reality. Just take a look at how decentralisation has been the talk everywhere, I am so happy I must admit. Seeing that when it comes to cryptocurrency and the blockchain at large we can do whatsoever thing that we love or wanted aside being a scammer is something that I don't joke with deep down no matter what. With the aid of decentralisation if you are observant enough you will see that we have been able to contribute individually to the chain in one way or the other. The reason why we have progressed thus far is simply because we all embrace decentralisation. Truth be told, we knows that cryptocurrency and the blockchain at large is not 100% decentralised and for sure I don't think it can ever get passed being 90% decentralised.

I choose to discuss about governance token today simply because I knows that there is no working system in the entire world and also being tracked and traced to cryptocurrency and the blockchain at large that doesn't requires government and governance. Governance is a very good and welcome development in the cryptocurrency ecosystem and the blockchain at large. I must admit that I so much love the government and governance ideas, those who birthed it into the cryptocurrency ecosystem and the blockchain at large deserves some accolades. As for your information governance token in cryptocurrency ecosystem and the blockchain at large talks about token that can be used to vote or make decisions when it comes to cryptocurrency project. For you to be able to have say in that given blockchain i.e if you wants to take part in making decisions
in that blockchain you have to make sure that you own such token. Since you are not holding the token of such blockchain you should knows that there is no way your voice will be heard. While I was carrying out research I discovered that the essence why there is governance token is simply to decentralised the system. Such thing helps to give holders the say in decision making when it comes to such system.

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Since every body wants their voice to be heard you will see people buying into that token, this will help to impact the cryptocurrency token positively. Without much discussion, I will say that governance token is a welcomed development to me although I know it has it flaws. If we are able to improve on this we will be glad when we started seeing the positivity that it carries.

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I will end the post here, hope you love it.

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