Modifications to a blockchain that are proposed or made by a development team. Off-chain governance is a blockchain that operates like any organization, wherein a core group of people make decisions. For example, Bitcoin and Ethereum use off-chain governance. In contrast, on-chain governance is how a DAO operates. DAOs issue governance tokens, and members have voting rights because they purchased or were given voting tokens. See
off-chain,
DAO and
fungible token.