# Governance Related Articles

HTX News Center provides the latest articles and in-depth analysis on "Governance", covering market trends, project updates, tech developments, and regulatory policies in the crypto industry.

Ethereum Foundation adds pcaversaccio to its board

The Ethereum Foundation (EF) has appointed long-time ecosystem contributor pcaversaccio (pc) to its board of directors, further refining the governance of the organization behind the world's second-largest blockchain. A security researcher and co-founder of the SEAL 911 emergency response initiative, pcaversaccio joins the board for an initial voluntary one-year term. He has previously served on the EF's Silviculture Society, an advisory group providing informal guidance on upholding the foundation's core principles, including censorship resistance, open-source development, privacy, and security. With this appointment, the EF board now consists of four members: President Aya Miyaguchi, Ethereum co-founder Vitalik Buterin, Swiss legal counsel Patrick Storchenegger, and pcaversaccio. The board is responsible for setting the EF's strategic vision, ensuring leadership decisions align with its values, and acting as a "security council" to safeguard the foundation's mission and ensure compliance with Swiss law, where it is based. This move comes during a period of significant change for the Ethereum Foundation. In recent months, several senior researchers and executives have departed, with some launching new Ethereum-focused ventures outside the foundation. The EF is shifting its role toward long-term stewardship rather than acting as the central hub for ecosystem development. The foundation expressed its enthusiasm for pcaversaccio's appointment, stating it looks forward to collaborating to help steward Ethereum's long-term future.

cryptonews.ru10h ago

Ethereum Foundation adds pcaversaccio to its board

cryptonews.ru10h ago

Michael Saylor Says Bitcoin Could Grow 100x, Warns Regulatory Changes Could Threaten Its Future

Michael Saylor, Executive Chairman of MicroStrategy, warns that the main challenge for Bitcoin is no longer external competition but internal governance disputes. As Bitcoin transitions from a digital asset to a potential foundation for global capital markets, he argues the primary threat is changes to its core consensus rules, which act as its "constitution." Saylor contends that altering these rules to benefit specific factions could undermine the entire ecosystem and the rights of its participants. He links this governance risk to Bitcoin's long-term growth potential, stating the asset could grow 100x to become a global capital base. However, he warns that a single corrupted rule could deprive future generations of unbuilt markets and economic freedom. Saylor cites examples like BIP-110, covenant-related features, and block size increases as potentially risky changes that could impose new costs or vulnerabilities. Saylor connects protocol decisions to Bitcoin's long-term security model, noting the increasing reliance on transaction fees as block rewards halve. The rise in corporate and institutional Bitcoin adoption, he argues, heightens the need for predictable rules and network stability. He expresses concern about "protocol capture," warning that allowing political influence over consensus changes could lead to perpetual conflict, scare away capital, stifle innovation, and prevent Bitcoin from reaching its full potential.

cryptonews.ruYesterday 05:06

Michael Saylor Says Bitcoin Could Grow 100x, Warns Regulatory Changes Could Threaten Its Future

cryptonews.ruYesterday 05:06

The Quantum Computing Threat Approaches, Cryptocurrency May Be Exposed to Risks Before Banks

Quantum computing poses a significant threat to all cryptographic systems, including banks and governments, but decentralized cryptocurrencies with public ledgers like Bitcoin are likely the first practical target. Experts warn that a cryptographically relevant quantum computer (CRQC), capable of running Shor's algorithm to break the elliptic curve cryptography securing most crypto wallets, could emerge around 2029. Recent research shows the required quantum resources for such attacks are shrinking dramatically, potentially enabling key extraction in minutes. The core vulnerability for cryptocurrencies is not the cryptography itself—post-quantum standards are being developed—but the slow, decentralized governance required to implement upgrades. Unlike centralized banks that can swiftly transition, Bitcoin needs near-unanimous consensus among its global network, a historically difficult process as seen in past upgrades. Estimates suggest migrating all vulnerable Bitcoin funds could take at least 76 days of dedicated network time, and it must be completed before a CRQC exists to prevent "now-or-never" attacks on exposed keys. The threat is not binary; it begins when a quantum computer can decrypt data before it loses value, not necessarily in real-time. A significant portion of Bitcoin (estimated at millions of coins) already has public keys permanently exposed on-chain, making them vulnerable to eventual "static attacks." While technical solutions exist, the race is against time for decentralized networks to coordinate a defensive transition, serving as an early warning for the broader financial system.

marsbit2 days ago 01:45

The Quantum Computing Threat Approaches, Cryptocurrency May Be Exposed to Risks Before Banks

marsbit2 days ago 01:45

A Serious Threat is Looming for Bitcoin (BTC) and Cryptocurrencies: They Could Be the First Target!

The rapid advancement of quantum computing poses a serious threat not only to cryptocurrencies but to the entire encryption system, including banking. However, experts warn that the cryptocurrency market might be the first sector to suffer from this transformation. As predictions of a 'Q-Day' approach, the slow governance processes of cryptocurrencies, rather than their cryptography, could become the biggest obstacle to defending against quantum attacks. Quantum Xchange CEO Eddy Zervigon has compared cryptocurrencies to "canaries in the coal mine," stating that the first successful quantum-powered cyberattack is likely to target decentralized blockchain networks. While a cryptographically relevant quantum computer capable of breaking the elliptic curve cryptography underlying Bitcoin's signatures and banking security does not yet exist, work by giants like Microsoft, IBM, and Google suggests the threat is nearer than previously thought. The industry consensus estimates such a computer could emerge around 2029. Supporting this view, recent Google research indicates the number of physical qubits needed to break the cryptographic systems protecting Bitcoin and Ethereum has decreased by about 20 times compared to prior estimates, highlighting the accelerated danger. Zervigon concludes that Bitcoin's greatest risk lies not in its current cryptographic system, but in the slow pace of implementing major network upgrades.

cryptonews.ru07/27 14:06

A Serious Threat is Looming for Bitcoin (BTC) and Cryptocurrencies: They Could Be the First Target!

cryptonews.ru07/27 14:06

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