💻Tutorial 48: Governance and Voting
Governance and voting mechanisms are a fundamental part of decentralized systems, enabling stakeholders to make decisions collectively about the future direction of a protocol or platform. However, these systems are not immune to vulnerabilities. In fact, the decentralized nature of governance, combined with complex tokenomics and smart contract logic, creates unique challenges that can lead to manipulation, collusion, or unintended consequences.
In decentralized governance, token holders or participants often vote on proposals that dictate changes in the system, such as upgrades, funding allocations, or policy shifts. Voting power is frequently tied to token holdings, with more tokens equating to greater influence in decision-making. While this design is intended to give participants proportional control based on their stake in the system, it also opens the door to a variety of attack vectors and exploitation strategies.
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