Too Long; Didn't Read
<a href="https://hackernoon.com/tagged/blockchain" target="_blank">Blockchain</a> governance is a critical issue as the <a href="https://hackernoon.com/tagged/technology" target="_blank">technology</a> gains wider use across industries. It attracted close attention after the Ethereum DAO incident, where a token holder exploited a bug to funnel about one third of the total value in the network into their own account. (The bug was later fixed via a “forking” algorithm, but the issue remains an open question.) More recently, the heist of more than half a billion dollars’ worth of digital currency from the Coincheck exchange in Japan was largely due to a weak governance structure, which in turn was because of lack of standardization to enable timely action.