As Blockchains Push Toward Decentralization, These People Serve as Ultimate Guardians
Summary
Blockchain networks are forming "protocol councils" to guide changes and ensure security. These councils, like Polygon's 13-person council, oversee major and emergency protocol changes. They use multi-signature wallets for approval and aim to transition towards decentralized governance. Similar councils exist in Arbitrum and Optimism. The councils are seen as necessary for the industry's maturity and are considered an alternative to traditional governance structures. They aim to prevent bugs and ensure robustness in emerging technologies like zkEVMs.
