Ripple CTO: The purpose behind informal governance is not to avoid forks, because the fork itself is not a bad thing

According to recent media reports, Ripple CTO David Schwartz talked about the importance of blockchain governance and its impact on different blockchain networks. He said that formal governance on blockchain networks is usually synchronized with the original protocol or code embedded in the network. These provide a roadmap for decision-making processes that are important, while avoiding accidental forks. Schwartz cites an example of an XRP ledger where the basic agreement does not allow anyone to implement software changes in the ledger unless "80% of network signals support changes." Formal forms of governance can help avoid problems such as accidental forks. However, in order to keep up with changes in the times and technology, dynamic or informal governance is necessary. And, from the perspective of Bitcoin and Ethereum, this is very obvious. The purpose behind informal governance is not to avoid forks, because the fork itself is not a bad thing.