OP’s Price Surges Over 15% In 1 Week Amid Security Council News

• Optimism (OP) is creating a Security Council to meet decentralization criteria.
• On October 12, 2023, the Token House will conduct a vote to determine the approval or rejection of this modification.
• At press time, OP was worth $1.46 after its price surged by more than 6% over the past day.

On September 29, 2023, the Optimism (OP) team announced on X that it is taking the first steps toward creating a Security Council, aimed at facilitating the collective’s progression towards a Superchain Network that is more decentralized. The main objective of this decision by Optimism was to create a “world” where no single person has unilateral control.

According to Optimism’s post, the suggested framework for the Security Council is specifically crafted to meet the criteria for Stage 1 decentralization, placing particular emphasis on prioritizing safety over liveness. It was also revealed that the Security Council will consist of a minimum of eight members, requiring a 75% majority agreement.

Any decisions will also be executed by a series of governance votes. During the initial stages, the Security Council will act as a co-signer alongside the existing OP Main…

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