How Is DPoS Related to Governance in a Decentralized Network?
DPoS is fundamentally a form of on-chain governance. Token holders not only secure the network by staking but also actively participate in its direction by voting for the Block Producers.
These BPs often have the power to propose and approve protocol upgrades or changes to network parameters. The system is designed to create a representative democracy where the BPs act on behalf of the token-holding community.