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Juno's Proposal 16 Vote Is a Watershed for Blockchain Governance – For Better or Worse

The proposal to cut a whale's token balance, which narrowly passed, highlights the complexity and risks of on-chain governance.

Updated Apr 10, 2024, 2:16 a.m. Published Mar 16, 2022, 9:29 p.m.
Implementing Proposal 16 would require a hard fork. (Juno, modified by CoinDesk)
Implementing Proposal 16 would require a hard fork. (Juno, modified by CoinDesk)