- responsible for specification definitions, formulas, variables, blacklists, checkpoints
“More generally, the evolution of these protocols will be governed by the decision of those who have adopted it to adopt a future version. This has the potential to provide a much more democratic process for changing protocols over time then the historic committee process. Just how democratic it will be depends on a lot of factors starting with how concentrated the group of protocol operators is."
• there will be governance! The below are notes Formulas, variables & standard definitions can all be changed by governing body Constitution will define consensus thresholds to make changes, defined by type Feedback will come from service providers - associate token issuance with work of system participants (publishers, retailers, promoters, security miners, storage & distribution miners) The list of decisions it is responsible for: Variables Thresholds Blacklists Retailer reports/payproc checkpoints