Overview
Ronin's governance process is conducted via a decentralized voting mechanism. Each Governing Validator has a corresponding chain governor account. Governors are empowered to vote for proposals such as adding or removing Governing Validators, upgrading contracts, changing thresholds, and more.
The way it works is a a governor creates a new proposal for other governors to vote on. If at least 70% of the governors approve the proposal, the change is applied.
The governance voting method is serial by design: only one governance vote can be held at a time, and that vote must be completed before moving to a new vote.
Conceptually, you can think of the governor as a cold wallet while the validator is a hot wallet.
Store your governor credentials in a hardware wallet and use them only when a vote is required. This way, attackers have a much harder time accessing your validator nodes, and the overall risk of network exploitation is significantly reduced.