• Bitcoin
  • NFT
  • Binance
  • ETH
  • DeFi
  • Metaverse
  • IDO
  • Coinbase
  • Solana
  • ETF
  • FTX
  • GameFi
Newsletter
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
CoinLive
No Result
View All Result
Home Crypto News

Polygon has proposed establishing a “Protocol Council” to oversee the update method

October 20, 2023
in Crypto News
0
191
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Related articles

What is the MUX (MCB) protocol?  Decentralized trading platform with perpetual contract

What is the MUX (MCB) protocol? Decentralized trading platform with perpetual contract

November 22, 2023
Decentralized Synthetic Derivatives Protocol

Decentralized Synthetic Derivatives Protocol

November 21, 2023

Polygon Labs proposes to PIP-29 to create a “Protocol Council” composed of 13 core members with the authority to make adjustments to wise contracts.

Polygon has proposed establishing a Protocol Council to oversee thePolygon has proposed establishing a “Protocol Council” to oversee the update method

Second PIP-29 Published on October 19, typical adjustments to wise contracts will call for seven/13 consensus, though emergency adjustments will call for ten/13 consensus.

The checklist of board members incorporates:

  • Detective on the Chain ZachXBT
  • Mudit Gupta, head of security at the variety
  • Head of Coinbase Protocol Operations Viktor Bunin
  • Sommelier Finance founder Zaki Manian
  • Daily Gwei host Anthony Sassano
  • Ethereum Foundation researcher Justin Drake
  • Polygon zkEVM co-founder Jordi Baylina
  • President of Ethereum France Jerome de Tychey
  • Liz Steininger, CEO of protection advisor Least Authority
  • Gauntlet on-chain threat auditor
  • Data supplier L2Beat
  • And some other members.

1697780579 815 Polygon has proposed establishing a Protocol Council to oversee theList of members of the Protocol Council

Due to the relevance of the means to improve wise contracts to Polygon’s architecture, the Protocol Council will perform a purpose in making certain protection and a smooth transition amongst upgraded versions.

The Polygon two. update is anticipated to roll out in the initial half of 2024. Currently, the Polygon advancement workforce is constructing a multi-layer two decentralized network primarily based on zero-know-how engineering.

Changes affecting Polygon’s infrastructure will be implemented by the Gnosis Safe contract. The method for this kind of adjustments will respect the regulatory framework and will be transparent, in accordance to an official statement.

Notably, this governance mechanism will perform independently of the present leadership local community governance mechanism, established by on the internet voting.

Coinlive compiled

Maybe you happen to be interested:

Join the discussion on the hottest difficulties in the DeFi market place in the chat group Coinlive Chats Let’s join the administrators of Coinlive!!!

Tags: CouncilestablishingoverseePolygonprocessProposedProtocolProtocol Councilupdate
Share76Tweet48

Related Posts

Vitalik Buterin Calls for Decentralization in "Balance of Power"

Vitalik Buterin Calls for Decentralization in “Balance of Power”

by shark
January 1, 2026
0

Vitalik Buterin urges decentralization in tech and crypto to prevent power concentration risks.

Bitwise Applies for 11 Crypto ETFs with SEC

Bitwise Applies for 11 Crypto ETFs with SEC

by shark
January 1, 2026
0

Bitwise Funds Trust files SEC applications for 11 crypto strategy ETFs, marking a major step in cryptocurrency investment offerings.

Russia Proposes Jail for Illegal Crypto Mining

Russia Proposes Jail for Illegal Crypto Mining

by shark
January 1, 2026
0

Russia plans to introduce jail terms for unregistered crypto miners under new draft law, reflecting stricter regulations.

Market Shifts: Trader Moves $197M from BTC to Altcoins

Legendary Trader Switches to High-Leverage Altcoin Longs

by shark
January 1, 2026
0

A trader shifts $197M from BTC shorts to high-leverage altcoins, impacting SOL and market dynamics amid current volatility trends.

Bitcoin Market Dynamics: Institutional Liquidity and Price Constraints

Institutional Liquidity Constrains Bitcoin Price Movement

by shark
January 1, 2026
0

Analyzing how institutional liquidity influences Bitcoin's price movement and constraints.

Load More

Tags

analysis announces Bank billion Binance Bitcoin Blockchain BTC CEO Coin Coinbase Crypto cryptocurrencies Cryptocurrency DeFi ETH Ethereum Exchange Finance FTX fund game General News Information Investment Latest Launch launches market Metaverse million Network News NFT platform Price project Protocol Review SEC Solana Token trading users wallet

Recent Posts

  • Vitalik Buterin Calls for Decentralization in “Balance of Power”
  • Bitwise Applies for 11 Crypto ETFs with SEC
  • Russia Proposes Jail for Illegal Crypto Mining
  • Legendary Trader Switches to High-Leverage Altcoin Longs
  • Institutional Liquidity Constrains Bitcoin Price Movement
  • Mexico Imposes New Tariffs on Chinese Imports
  • Bitcoin Faces New Market Variables Amid Liquidity Changes
  • Coinbase Markets Awaits Liquidity for Lighter Token Trading
  • About
  • FAQ
  • Contact Us
  • IGO
  • Altcoin
  • Terra
  • Launchpad
  • P2E
  • META
  • AXS
Email us: [email protected]

© 2021 CoinLive - Crypto News 24/7

No Result
View All Result
  • Home
  • Crypto News
  • Market Analysis
  • Learn

© 2021 CoinLive - Crypto News 24/7