Security firm Zealynx noted that blockchain rules requiring a private key to authorize transfers hold true only up to whoever controls the protocol's upgrade path

How blockchain protocols make collective decisions about upgrades, funding, and rules, whether through on-chain voting, off-chain social consensus, or foundation stewardship.

Programs stored on a blockchain that execute automatically when conditions are met, forming the building blocks of DeFi, NFTs, and most on-chain applications.

Decision-making processes and decentralized autonomous organizations used to manage communities and protocols.