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.
U.S. PCE Inflation Rises To 2.9% YoY, Bitcoin Falls
The U.S. PCE inflation data have come in above expectations, signaling that inflation may be on the rise again. Bitcoin...
