MS committee

The MS committee oversees the Multi-Signature wallet which has the ability to update the smart contracts and enforce proposals on-chain. This committee will be composed of T-RIZE Group contributors at first and aim to progressively decentralize it through elections of new members as reliable contributors emerge in the community. The Multi-Signature wallet will be configured to require signatures of at least half of the members before executing on-chain actions.

The majority signature requirements implies the committee has the ability to veto a proposal if more than half of the members refuse to sign. They should always respect the outcome of the proposal, but it can be useful as a last line of defense from malicious proposals. Finally, they can also execute emergency actions to mitigate vulnerabilities or catastrophic system failure.

Emergency actions include:

• Disable bridges
• Pause smart contracts

The MS committe will never be able to force transfers or pause the RIZE token.