Dash Community Elects Trust Protectors To Oversee Development

Dash, a payments-centered cryptocurrency project, has just announced the results of the first election of the Dash DAO Irrevocable Trust protectors. Six community members from a pool of twenty candidates were selected by the project’s 5,000 masternodes, and will now oversee the project’s trust.

These trust protectors can now affect changes at Dash Core Group (DCG) and direct operations of the  project on behalf of the network.

“We believe this creates far greater accountability of DCG to the network,” said Ryan Taylor, CEO of Dash Core Group. “Indeed, this establishes a legally binding fiduciary duty to the Trust and ultimately the network itself. “

This election process makes Dash unique among cryptocurrency startups, many of which rely on self-appointed foundations to guide the network’s development. In this case, the trust protectors were chosen by the project’s major stakeholders, and as such, have a responsibility to work in the interests of the network.

The irrevocable trust was………….

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Author: Jalen Fargharson
Original link: https://cryptobriefing.com/dash-community-elects-trust-protectors/