How blockchain network governance works?

Blockchain network governance is the decision-making process that ensures the functioning and development of decentralized systems. Unlike traditional models, where decisions are made by a central authority, blockchain uses a consensus mechanism. Network participants can vote on changes to the protocol or rules, submitting proposals for improvements. In some cases, a decentralized autonomous organization (DAO) model is used, where token holders have voting rights. This ensures that changes go through community discussions and approvals. This approach helps maintain flexibility, transparency, and resilience of the network, ensuring that all users participate in decision-making.