Singapore, Singapore, 23rd May, 2022, Chainwire
DeFiChain, the world’s leading blockchain on the Bitcoin network dedicated to bringing decentralized financial applications and services to everyone, officially announces the formation of its Technical Committee after a community vote on the DeFiChain Improvement Proposal (DFIP) – 2205-A. A staggering 96% votes were in favor of establishing the Technical Committee. The proposal was put forth by DeFiChain’s Co-founder and Lead Researcher U-Zyn Chua.
DeFiChain is a fully decentralized blockchain with on-chain governance. The Technical Committee will further formalize and decentralize the consensus code governance to the benefit of the community without taking away any roles of masternodes in the decentralized governance of DeFiChain. The masternodes will continue to decide on consensus updates via the DFIP process.
The Technical Committee will act as:
Core maintainers of DeFiChain consensus code
Gatekeepers to ensure that the direct
