Algorand’s on-chain governance aims for decentralization, allowing ALGO holders to vote on key protocol decisions, such as grant funding and ecosystem rewards. Governors commit ALGO for quarterly periods, with votes recorded transparently on the blockchain via smart contracts. The Algorand Foundation facilitates but doesn’t control outcomes, and the xGov program empowers expert governors to allocate grants. However, challenges remain: low voter turnout or large token holders could centralize influence, and the Foundation’s role in setting parameters raises questions about full decentralization. Despite this, Algorand’s Pure Proof-of-Stake and community-driven model, with over 4,300 nodes, support its decentralized vision. While not perfect, Algorand’s governance is a significant step toward a transparent, community-led ecosystem, evolving to balance inclusivity and efficiency.