Egalitarian Society or Benevolent Dictatorship: The State of Cryptocurrency Governance

  title={Egalitarian Society or Benevolent Dictatorship: The State of Cryptocurrency Governance},
  author={Sarah Azouvi and Mary Maller and Sarah Meiklejohn},
  booktitle={Financial Cryptography Workshops},
In this paper we initiate a quantitative study of the decentralization of the governance structures of Bitcoin and Ethereum. In particular, we scraped the open-source repositories associated with their respective codebases and improvement proposals to find the number of people contributing to the code itself and to the overall discussion. We then present different metrics to quantify decentralization, both in each of the cryptocurrencies and, for comparison, in two popular open-source… CONTINUE READING


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