Decentralized governance in the Web3 ecosystem, simply put, is about entrusting the project's fate to the community. The project team no longer makes decisions unilaterally but allows token holders to actively participate—by voting with their governance tokens to express their stance on various proposals.

What are the benefits of this design? Users are no longer passive recipients but active participants and decision-makers. Take XRP as an example; token holders can vote on the direction of ecosystem development. Similar models are also practiced on mainstream public chains like BNB and SOL. Every vote influences the project's future, and token holders' voting rights are genuinely meaningful.

This consensus mechanism creates a closer alignment of interests between the community and the project. Everyone has a sense of participation, and project decisions become more transparent and democratic. Of course, how to truly motivate community voting participation and how to design a reasonable governance structure are ongoing exploration topics for various ecosystems.