Onchain vs Offchain; Which governance model wins?

On-Chain Governance A blockchain-based voting system where token holders directly approve protocol changes, enabling automation but risking plutocracy and low voter turnout.

Pros: -> Accessibility & Rapid decision-making. Cons: ->Centralisation Risk -> Low Voter Turnout

Off-Chain Governance A consensus-driven model relying on discussions among developers, miners, and users, prioritising flexibility but often leading to slower decision-making.

Pros: -> Thorough Deliberation Cons: -> Exclusivity -> Slow Processes

Conclusion: There is no perfect governance system, only progress; the future lies in hybrid models that balance transparency, efficiency & adaptability to keep blockchain networks resilient & responsive