Governance of Blockchain and Distributed Ledger Technology Projects

  title={Governance of Blockchain and Distributed Ledger Technology Projects},
  author={Bronwyn E. Howell and Petrus H. Potgieter and Bert M. Sadowski},
  journal={PSN: Technology (Topic)},
Blockchains are the most well-known example of a distributed ledger technology (DLT). Unlike classic databases, the ledger is not maintained by any central authority. The integrity of the ledger is maintained automatically by an algorithmic consensus process whereby nodes vote and agree upon the authoritative version. In effect, the consensus algorithm operates in the manner of a decision-making process within a governance system.<br><br>The technological characteristics of blockchain systems… 
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