Many perceive the team’s existence with skepticism because they see it as a form of centralization. However, without a team, any blockchain would cease to exist. For example, in 2010 Satoshi saved Bitcoin from certain death. We will talk about what happened in the past and how to understand it in the context of decentralization. This article is dedicated especially to newcomers who want to understand why governance is a necessary part of every blockchain and what forms it can take. You will understand why Cardano is moving in the direction of decentralized governance and what position ADA holders will have in relation to the team.
This article was prepared by Cardanians with support from Cexplorer.
Read the article: https://cexplorer.io/article/understanding-the-need-for-governance