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.
The Rise of “Rip-off-on-Rip-off” Assaults within the Crypto World | by Saad Jameel | The Capital | Jan, 2025
A technique that's so daring that it targets not the naive however the opportunistic has emerged from the shadowy depths...
