Who is in Charge of Blockchain Code: Decentralization and Community Governance

The blockchain code is maintained in a decentralized manner by the developer and miner community, not under the control of a central authority. Changes are proposed as open-source improvements and require majority consensus before adoption. This ensures no single entity controls the code, promoting a collaborative and transparent evolution of blockchain technology.

Community Development and Decentralization

The maintenance of blockchain code varies depending on the specific blockchain network. For open-source blockchain networks such as Bitcoin and Ethereum, the code is maintained by a decentralized community of developers. These developers are typically volunteers who contribute to the codebase in their free time. They review code changes, suggest improvements, and fix bugs in the software. Coordination is typically done through a GitHub repository where developers can submit code changes and track issues.

Role of Core Development Teams

In addition to the community of developers, there may also be a core development team that oversees the development of the codebase. This team may be employed by a company or foundation that supports the development of the blockchain network. For example, the Ethereum Foundation employs a team of developers to work on the Ethereum codebase.

No single computer or organization can own the blockchain. Instead, it is a distributed ledger maintained by nodes connected to the network. These nodes can be any kind of electronic device that maintains copies of the blockchain and keeps the network functioning.

Key Players in Bitcoin Maintenance

The cryptocurrency of Bitcoin was invented in 2008 by an unknown person or group of people under the name Satoshi Nakamoto and is maintained by a team under the title Bitcoin Core Developers. Bitcoin's blockchain also maintains consensus on every transaction made on this network. There are three entities responsible for these functions: Bitcoin Core Developers, Bitcoin Knots Team, and OpenBlockchain Initiative.

Bitcoin Core Developers: Handle code maintenance and upgrade proposals.

Bitcoin Knots Team: Works together to maintain the core code of the Bitcoin network. Consists of seven members responsible for evolving each upgrade proposal.

OpenBlockchain Initiative (OBI): Focuses on improving network security, scalability, and solving known issues. Works with no salary but with donations from the community, including mining companies.

The Bitcoin community supports core developers through donations and by raising funds through unique mechanisms, such as partnerships with Roger Ver's foundation. This ensures the network can continue to upgrade efficiently.

Proposals and Approval Process

For any organization to become a core developer, they must have a track record of handling past updates without encountering serious issues. Proposals must be approved by at least 75% of the current core developers before submission for review. This process helps maintain consistent standards in the development process.

The openness and transparency of the Bitcoin network make it stand out. This network is managed by a decentralized community, promoting accountability and trust among all participants.

In conclusion, the decentralized nature of blockchain governance ensures that no single entity can exert full control over the code. The community plays a vital role in maintaining and evolving these systems, creating a resilient and innovative technological landscape.