Coin World News reports that on July 20 (UTC+8), the governance of Ethereum is mainly dominated by informal discussions off-chain, involving core developer meetings, EIP proposal processes, and participation from multiple parties. The governance decision-making process includes coordination among various parties such as the foundation, client teams, validator node operators, and dApp developers. Historical cases show that governance involves technical disputes such as DAO forks and Parity vulnerabilities, as well as social issues like ProgPoW and community controversies. The current mechanism demonstrates the strong influence of developers on code changes and promotes protocol evolution through informal mechanisms, emphasizing the balance between community norms and decentralization.