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Consensus in CoinFest

As part of the path towards full decentralization, now keeps its funds in a multisignature address. This means that no one person can control the CoinFest wallet. For now, only the most trusted CoinFest nodes can be signatories, but the number of signatures will be increased from 5 to 15 once CoinFest 2015 is over, and the DAO will utilize an all-inclusive consensus-based model.

Please see the updated transparency page at The current signatories are Gary Lachance from the DDP, Gabriel Scheare in Chile, @JoshNekrep‌, @Xyver‌ and the founder.


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