The decentralized autonomous organization known as Secret Network, which regulates the blockchain with an emphasis on privacy, has apparently made the decision to reorganize its foundation so that it functions as a nonprofit organization with a “transparent operation,” as stated on the website for the proposal. On the webpage devoted to the proposal, this decision was disclosed to the general public.
According to the plan that was developed, the newly established group “would be registered as a NPO and present an annual account of its operations, including key performance indicators (KPIs), funds, and objectives.” At least three people who are already involved in the community that the foundation serves will make up its board of directors, which will be responsible for overseeing the organization’s operations. It is proposed that no one entity be permitted to have more than two seats on the board at the same time if the notion is…
