Chainlink Responds to Concerns Over Multisig Wallet Changes
Chainlink, a decentralized oracle network, has responded to criticism from the crypto community regarding recent changes to its multisig wallet. Users noticed that the number of signatures required on the wallet had been reduced from 4 out of 9 to 4 out of 8.
Crypto Community Raises Questions
The alteration to Chainlink’s multisig wallet has raised concerns among the crypto community. The change means that only four out of eight signatures are now needed to authenticate a transaction. This has led some to worry about potential manipulation of Chainlink price feeds and the centralization of what should be a decentralized system.
Response from Chainlink
Chainlink has responded to the criticism, stating that the adjustment was part of a routine signer rotation process. They clarified that the multisig safes maintained their regular threshold configuration after the update.
Controversy Continues
Crypto researcher Chris Blec, who has been critical of Chainlink in the past, argues that malicious actions by Chainlink’s signers could have a significant impact on the entire DeFi ecosystem. Other users believe that the change to a 4-out-of-8 multisig configuration could actually enhance security. Meanwhile, Chainlink’s price has seen a 20% increase, suggesting positive market sentiment.
Hot Take: Chainlink Addresses Controversial Multisig Wallet Signer Changes
Chainlink has responded to concerns raised by the crypto community over recent changes to its multisig wallet. While critics argue that this alteration could centralize what should be a decentralized system, others believe it may actually enhance security. Chainlink maintains that the adjustment was part of a routine signer rotation process and that the multisig safes maintained their regular configuration. As the controversy continues, it remains to be seen how these changes will impact Chainlink’s reputation and the broader DeFi ecosystem.
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