Telos Foundation had with immediate effect, taken off the board two board members of the foundation following concerns about security and centralization.
Telos blockchain, as we all know is a platform that makes it possible for building DApps (decentralized applications) and DAOs (Decentralized autonomous organizations). The Telos blockchain is a sister chain built on the EOS blockchain.
Following a post made 2 months ago (sometime in March), Telos Foundation announced its decision to appropriately adjust its board and altogether, the responsibilities of its members. This mainly stems from the recent observable controversial developments among members of the board thus placing project security as its primary concern.
The board members who were affected are Daniel Uzcategui officially removed from the board since March 11th, and Richard Bryan who still sits on the board but sadly will not be able to engage in Block production or even operate Telos nodes.
It is believed that this decision was made due to a suspicion of complacency in security measures involving inappropriate shared access to signing keys among BPs. This was the primary reason for the action as it sadly suggests degrade in network security.
Richard Bryan, the board member who ran the TELOSDAC BP said the following about Daniel Uzcategui - a former Technical Advisor in a personal statement,
“In order for Daniel to be effective in some of his work with us he needed to have a safe level of access to our infrastructure. This was well planned and arranged using SSH provisioning tools and keys obscured using available tools. At no time did Daniel have access to our BP owner key”
Even with the level of assurance from Bryan, he has gone on to withdraw from all node operations and block production across all EOSIO based software. Reasons remain that he basically would not want any such compromising situation later in the future.
Interestingly, Telos foundation is putting up a solution to this structural deficiency and will be proposing a Telos Foundation Transparency Amendment. Which will seek to address security concerns, validate organization’s structure and distinguish board members from operational members all in a bid to uphold decentralization.
Are these challenges only consistent with consensus mechanisms and DPOS protocols? Would these organizations always have to deal with concerns of semi-centralization?
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Posted from my blog with SteemPress : https://lightblocks.live/telos-foundation-board-member-removed-following-security-concerns/
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- Oyebade Osinaike