Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnAISquareMore
ENS DAO approves establishment of new Security Council; the 5-of-8 multisig mechanism is authorized to veto malicious proposals

ENS DAO approves establishment of new Security Council; the 5-of-8 multisig mechanism is authorized to veto malicious proposals

ChaincatcherChaincatcher2026/07/21 00:18
Show original

ChainCatcher news: According to official sources, the ENS DAO has approved a proposal to activate a new Security Council with a two-year term. The council consists of eight members and has veto power, allowing it to cancel proposals during the waiting period after a malicious proposal is passed but before it is executed. The council's authority is limited to canceling transactions in the timelock; it cannot use treasury funds, submit proposals, or rewrite approved proposals.

The council can exercise its power only under emergency conditions as specified by its charter. ENS pointed out that governance itself could be an attack vector—for example, voting rights can be borrowed to initiate attacks, proposal code can hide malicious behavior, and credential leaks can be used to push harmful transactions. The new council adopts a 5-of-8 multisig model, requiring the approval of at least five members to cancel a proposal. After two years, DAO voting will be needed to extend its term.

0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!

You may also like

Jensen Huang speaks out repeatedly: No regulations are needed to control AI development

Jensen Huang has recently made consecutive public statements claiming that AI development does not require new laws or regulations, characterizing the opposition between innovation and safety as a "false choice." He publicly appeared with Trump, forming a stark contrast to the stance of Dario Amodei, Sam Altman, and Elon Musk, who have called for coordinated efforts to slow down AI research. However, Nvidia’s business interests are closely tied to the pace of investment in AI infrastructure.

华尔街见闻2026/09/16 00:21