As Blockchains Push Toward Decentralization, These People Serve as Ultimate Guardians

Date:

Share post:



As Blockchains Push Toward Decentralization, These People Serve as Ultimate Guardians

The goal of these “protocol councils,” sometimes called “security councils,” is to nudge the nascent networks toward increasing decentralization, by gradually removing them from under the control of their original developers. Before cutting the cord completely, where the networks essentially run automatically, or subject to some sort of democratic process, the thinking is that a panel of well-meaning humans can serve as the ultimate guardians – able to step in quickly when emergencies arise, or providing the final sign-off on major protocol changes.



Source link

Leave a reply

Please enter your comment!
Please enter your name here

Related articles

How To Get Out Of Debt On A Low Income Without Making Your Life Miserable

Paying off debt is difficult when your income already feels stretched. If most of your money is...

When Keeping Your Options Open Is Riskier Than Making A Commitment

× Please contact your Firm's Group AdminIAR CE is only available if your organization...

At the White House, crypto policy vacancy looms large

During that legislative process, Sacks stepped down from the czar role in March, leaving Witt and his...

Binance.US seeks $1B valuation in potential $100M funding round: Report

The crypto exchange was reportedly looking to use the additional funding to regain market share following Binance’s...