Ever since Satoshi founded bitcoin, decentralization has been looked into and adopted more. The masses start seeing centralization to be a process that favours a few at the detriment of others. Decentralization happens to be more enticing to users and it is seen as a better option to centralization.

Decentralization in simple terms means delegating power away from a central body, the power includes planning and decision making. The power is then distributed among users interacting with the technology making use of decentralization.

This is where governance comes in because in a situation where there is no central body/central authority, there should be a form of governance that will take major decisions or there will be no direction and ultimately lead to chaos.

Every technology that exists on the blockchain needs a governance system that will guide users, to maintain law and order. Blockchain governance is very important as this will ensure all participants get to stay in line with the vision of the technology and also to take the project to the next level.

Introducing Covalent

Covalent is a project that is after setting messy data right, a network that seeks further implementation of DeFi (Decentralized Finance) technology in the line of simplifying data. This means anyone planning to build on the DeFi technology need not to worry about data complexities as covalent got them covered.

Snapshot as a governance tool.
Snapshot is a no-fee governance tool based on IPFS that makes it simple for decentralized networks to run open votes, polls, and referendums. This is one tool that will work greatly for covalent network, because everyone will be open to have a say in the decisions of the blockchain community network.

Connect with Covalent
Twitter: @Covalent_HQ
Telegram: https://t.me/CovalentHQ
Discord: https://bit.ly/Covalenthq_discord