The question of cryptocurrency governance often causes confusion for beginners in the blockchain world. The answer is not as simple as it may seem, as cryptocurrencies such as Bitcoin or Ethereum are decentralized. This means that they are not controlled by central authorities or government institutions. Instead, governance is carried out through a distributed network of participants, called miners and validators.
Miners process transactions and maintain the security of the network by solving complex mathematical problems, while validators in Proof-of-Stake systems confirm transactions based on the stake of their assets. All changes in cryptocurrency systems often occur through votes or consensus among participants, ensuring their transparency and decentralization.
Cryptocurrencies provide freedom and independence from traditional financial institutions, which is one of the main reasons for their popularity.
