These are folks from the Base ecosystem and from the broader Ethereum ecosystem," who will help approve certain network upgrades if needed, Vieira added
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Margaux Nijkerk
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Coinbase’s Base Network Achieves ‘Stage 1’ Status, Reducing Centralization Risk
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The security council introduced by Base network, described by Tom Vieira, head of product at Base, as part of achieving Stage 1 decentralisation, operates as a 75% multisig system, composed of ten globally distributed entities selected from across the Base and broader Ethereum ecosystems
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