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 Chainlink downplays worries after users notice quiet change to multisig

Chainlink downplays worries after users notice quiet change to multisig


Published: 2023-09-25


Title: Chainlink Garners Criticism After Quiet Change to Multisig Main topics:

1. Chainlink's quiet change to multisig

2. Criticism and concerns surrounding the change

3. Impact on Chainlink's reputation and future prospects Topic 1: Chainlink's quiet change to multisig Chainlink,a popular decentralized oracle network,recently made a seemingly significant change to its multisignature (multisig) implementation without making any public announcements. The change involved reducing the number of required signatures to execute transactions on Chainlink's smart contracts,potentially impacting the security and trustworthiness of the network. Topic 2: Criticism and concerns surrounding the change The quiet change made by Chainlink has raised eyebrows in the cryptocurrency community,with many expressing concerns about the lack of transparency and communication from the project's team. Critics argue that such significant changes should be openly discussed and thoroughly vetted before implementation,especially considering the potential impact on the security and reliability of a decentralized network. Furthermore,some community members have questioned Chainlink's rationale for reducing the number of signatures required for multisig transactions. This decision has led to doubts about the project's commitment to maintaining a high level of security and decentralization,which are crucial elements for the success of any blockchain-based network. Topic 3: Impact on Chainlink's reputation and future prospects The controversial change made by Chainlink has undoubtedly hurt its reputation among industry players and investors. Transparency and open communication are highly valued in the cryptocurrency space,and the lack of these qualities in handling such a significant alteration raises concerns about the project's overall governance and decision-making process. The criticism and doubts surrounding Chainlink's multisig change may also have an impact on its future prospects. Investor confidence could waver,potentially affecting the project's ability to attract new partnerships and collaborations. This situation also serves as a wake-up call for Chainlink,emphasizing the importance of engaging with the community,addressing concerns,and being transparent about changes to maintain trust and credibility. In conclusion,the recent quiet change made by Chainlink to its multisig implementation has sparked criticism and concerns among the cryptocurrency community. The lack of transparency and communication surrounding the alteration has raised doubts about the project's commitment to security and decentralization. As a result,Chainlink's reputation and future prospects could be at stake,highlighting the significance of open engagement with the community and addressing concerns promptly.


Reference: cointelegraph.com

The most traded coin


(Update every 1 hour)
at from is ($US) turnover ($)
1 ARS title=ARS 1,314.70 2,138,002,697.20
2 BTC title=BTC 67,354.24 2,116,509,808.63
3 COP title=COP 3,900.00 1,233,733,772.00
4 ETH title=ETH 3,519.79 1,185,568,240.83
5 IO title=IO 3.99 536,394,576.98
6 SOL title=SOL 151.53 479,340,889.63
7 PEPE title=PEPE <0.01 469,110,469.24
8 PEOPLE title=PEOPLE 0.12 228,391,095.09
9 WIF title=WIF 2.63 180,772,418.64
10 XRP title=XRP 0.48 160,656,358.43
11 HIGH title=HIGH 2.97 149,753,878.23
12 DOGE title=DOGE 0.14 147,798,875.17
13 FLOKI title=FLOKI <0.01 145,175,153.08
14 BONK title=BONK <0.01 121,751,964.13
15 ORDI title=ORDI 51.39 114,619,069.31
16 ENA title=ENA 0.72 90,904,370.05
17 INJ title=INJ 28.67 80,437,452.03
18 BOME title=BOME 0.01 77,443,225.23
19 WLD title=WLD 3.85 69,323,887.42
20 LEVER title=LEVER <0.01 65,018,326.29
21 RUNE title=RUNE 4.92 56,446,687.79
22 NEAR title=NEAR 6.15 53,808,035.34
23 RNDR title=RNDR 8.33 53,424,669.25
24 FTM title=FTM 0.65 51,940,533.54
25 OP title=OP 2.07 51,295,657.67
26 AVAX title=AVAX 32.05 48,768,480.99
27 JASMY title=JASMY 0.04 46,961,247.47
28 FIL title=FIL 5.44 46,206,411.50

Coins with rapidly rising prices


(Update every 1 minute)
at from is ($US) more (%)
1 IO title=IO 3.99
+6,550.00
2 Synapse title=SYN 0.67 +18.46
3 Bonk title=BONK <0.01 +9.00
4 Pepe title=PEPE <0.01 +8.73
5 Omni Network title=OMNI 15.37 +7.33
6 Shentu title=CTK 0.76 +6.78
7 Ontology Gas title=ONG 0.39 +6.70
8 Oasis Network title=ROSE 0.12 +5.46
9 Convex Finance title=CVX 2.26 +3.68
10 Prosper title=PROS 0.36 +3.49
11 Stacks title=STX 2.17 +3.44
12 Streamr title=DATA 0.05 +3.33
13 Beta Finance title=BETA 0.06 +3.10
14 Ether.fi title=ETHFI 3.81 +2.97
15 SSV Network title=SSV 37.84 +2.85
16 Kyber Network Crystal title=KNC 0.77 +2.83
17 aelf title=ELF 0.44 +2.69
18 COMBO title=COMBO 0.73 +2.64
19 Conflux title=CFX 0.19 +2.39
20 Dego Finance title=DEGO 2.08 +2.36
21 Gains Network title=GNS 3.05 +2.31
22 Amp title=AMP <0.01 +1.88
23 Ooki title=OOKI <0.01 +1.68
24 Wanchain title=WAN 0.23 +1.57
25 Polymesh title=POLYX 0.51 +1.56
26 DIA title=DIA 0.46 +1.47
27 Cream title=CREAM 77.21 +1.46
28 Polkastarter title=POLS 0.66 +1.45
29 dogwifhat title=WIF 2.63 +1.42
30 BurgerCities title=BURGER 0.57 +1.39

The price of coins is falling rapidly.


(Update every 1 minute)
at from is ($US) reduce (%)
1 LeverFi title=LEVER <0.01
-36.16
2 Highstreet title=HIGH 2.97 -13.73
3 MANTRA title=OM 0.87 -11.19
4 ConstitutionDAO title=PEOPLE 0.12 -9.61
5 ORDI title=ORDI 51.39 -9.56
6 Moonriver title=MOVR 13.33 -8.51
7 AS Roma Fan Token title=ASR 2.89 -8.33
8 Maverick Protocol title=MAV 0.38 -8.05
9 OMG Network title=OMG 0.41 -7.90
10 1000SATS (Ordinals) title=1000SATS <0.01 -7.82
11 API3 title=API3 2.82 -7.36
12 BakerySwap title=BAKE 0.30 -6.39
13 Chiliz title=CHZ 0.12 -6.23
14 Kava title=KAVA 0.58 -6.16
15 Neutron title=NTRN 0.58 -6.11
16 SingularityNET title=AGIX 0.66 -5.97
17 Santos FC Fan Token title=SANTOS 4.77 -5.43
18 Axelar title=AXL 0.75 -5.42
19 Ocean Protocol title=OCEAN 0.68 -5.21
20 Waves title=WAVES 1.26 -5.14
21 W 0.52 -5.10
22 Dusk title=DUSK 0.43 -4.99
23 NULS title=NULS 0.44 -4.96
24 Orion title=ORN 1.53 -4.94
25 Vulcan Forged title=PYR 4.19 -4.66
26 Arweave title=AR 33.46 -4.61
27 Gnosis title=GNO 336.20 -4.57
28 Bounce title=AUCTION 19.87 -4.56
29 Acala title=ACA 0.08 -4.55
30 Voxies title=VOXEL 0.21 -4.55

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