Ethereum is an open source and decentralized platform, which provides infrastructure for distributed applications. It is designed as an intelligent contract platform, which can freely create and manage various applications. Because it does not require the reliability of a third party, Ethereum has become a blockchain that has attracted much attention. However, how to manage the platform to ensure its normal operation is still a key issue.
There is no central organization or manager in Ethereum, and development teams, miners and application developers can all participate in the governance of the platform. There are two main organizations in the governance of Ethereum: Ethereum Foundation and Ethereum Community. Founded on 20 14, Ethereum Foundation is the main developer of Ethereum protocols and software, and is committed to the prosperity of Ethereum ecosystem. Ethereum Community is the core community of Ethereum, which is spontaneously composed of community developers all over the world, researching and practicing Ethereum technology and providing various governance modes.
At present, the governance methods of Ethereum mainly include the following:
1. Decentralized autonomous organizations
Decentralized autonomous organizations are programmable autonomous organizations supported by blockchain technology. Ethereum first put forward this concept, but it also failed because of hacking. However, from this incident, we also saw the feasibility of centralized autonomous organizations, and also revealed the necessity of building a safe and stable decentralized autonomous organization.
2. Ethereum Improvement Proposal (EIP)
The improvement suggestion of Ethereum is a governance model of Ethereum community. Its purpose is to improve all aspects of Ethernet protocol and software, such as adding new functions and correcting existing errors. The improvement proposal of Ethereum is an activity of core members of Ethereum community, which is submitted and reviewed by Ethereum developers.
3. Ethereum bifurcation
Disagreement is another governance form of Ethereum. When Ethereum bifurcation occurs, all users with Ethereum will have hard bifurcation or soft bifurcation. Hard bifurcation is to introduce brand-new rules after the last block of blockchain; Soft bifurcation is a way to change the rules of Ethereum, keeping tokens, but optimizing and enhancing the whole system.
In a word, the governance mode of Ethereum is a process of continuous exploration and improvement. Only the participation and cooperation of many parties can ensure the stability and development of the platform of Ethereum.