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governing body

governing body

6.4
A system with no single leader that makes and enforces rules for a digital platform using code and token votes
  • noun
  • Jargon
translation icon : órgano de gobernanza
  • Can you explain how the governing body makes decisions?

Examples

  • The governing body of the blockchain project meets every month.

  • Developers proposed changing the protocol, but the governing body required a two-thirds token consensus first.

  • In the blockchain project, the governing body is defined by smart contracts and token-holder voting rules.

  • Rather than a central committee, the platform's governing body consists of automated protocols and stakeholder votes.

  • The new platform relies on a decentralized governing body to make fair decisions through community voting.

  • To ensure transparency, a governing body was established using smart contracts to manage the blockchain's operations.

  • On many decentralized platforms, the governing body is composed of users who vote on proposed changes to the protocol.

Synonyms

governance
vsgoverning body
  • Texting
4 6.3

Rules and processes that let people decide changes in a digital network like a blockchain

is the actual system that makes and enforces those decisions

How Decentralized

decentralization
  • Specialized
1 5.0
governing body
  • Jargon
6.4
governance
  • Texting
4 6.3
authority
889 3.1

Surface Forms

Morphology

governing + body

The meaning 'an authority group that makes and enforces rules' is directly and compositionally derived from 'governing' (holding power to make and enforce rules) + 'body' (a collective group). Although the entry describes a technical decentralized implementation, the core sense of 'a group that governs' is predictable and cross-linguistically common, so a B1 learner who knows both constituents would understand it.

Etymology

Governing body is used for digital platforms too: governing still means making rules and body can mean a set of computer rules plus people who vote. So a tech governing body is 'a system' of code and votes that decides how the platform works.