Decentralizing Governance through Tokenomics

A single point of failure is a critical component of a system where, if failure occurs,there is no redundancy to compensate, causing the entire system to fail. Centraliza-tion produces single points of failure and decentralization aims to eliminate them. Blockchain-based applications implicitly claim decentralization, yet the majority are still centralized in some aspects, notably governance. In this section, we will dis- cuss the problems arising from centralized governance and how OracleMesh will solve these by way of a decentralized autonomous organization (DAO) with well-designed tokenomics.