Necessity refers to the principle that any action taken in the cryptocurrency space must be done out of a genuine need and cannot be avoided. This means that any decision made must be essential and not excessive. In other words, there should be a clear and valid reason for any action taken within the cryptocurrency ecosystem.
Proportionality, on the other hand, relates to the idea that the response to a particular situation should be reasonable and appropriate in relation to the severity of the issue at hand. This principle ensures that the actions taken are commensurate with the circumstances and are not excessive or insufficient.
Both necessity and proportionality play crucial roles in the governance and regulation of cryptocurrency, helping to ensure that decisions are justified, balanced, and fair. By adhering to these principles, the cryptocurrency community can strive towards a more transparent, accountable, and ethical ecosystem.
