# Meeting Minutes February 18, 2026 ## Attendees: | Name | Attendance | Role | Voting Seat (Y/N) | Term | | ----------------- | ---------- | --------------- | ----------------- | ------------ | | Kevin Hammond | Yes | Chair | Y | October 2026 | | TBC | No | Vice Chair | Y | October 2025 | | Bosko Majdanac | Yes | Secretary | N | N/A | | Tex McCutcheon | Yes | Alt - Secretary | N | N/A | | Nicolas Biri | Yes | Member/Seat | Y | April 2026 | | Duncan Coutts | Yes | Member/Seat | Y | April 2026 | | Sebastian Nagel | Yes | Member/Seat | Y | April 2026 | | Neil Davies | No | Member/Seat | Y | April 2026 | | Alexander Moser | Yes | Member/Seat | Y | April 2026 | | Ryan Wiley | Yes | Member/Seat | Y | October 2026 | | Udai Solanki | No | Member/Seat | Y | October 2026 | | Leandros Holleman | Yes | Member/Seat | Y | October 2026 | | Seungheon Oh | No | Member/Seat | Y | October 2026 | Community/Other Attendees * Benjamin Hart * Design Thyme * Wilco van de Burgwal Recording: [Technical Steering Committee - 2026/02/18 - Recording](https://drive.google.com/file/d/1U548JrpEOGFJP1VvV8BfSolMlMtljQab/view?usp=drive_link) Transcript: [Technical Steering Committee - 2026/02/18 - Transcript](https://docs.google.com/document/d/15h35oLAF6olLZxBjJqpBSVDf5bfokiP8z4rfTOrB0Ik/edit?usp=drive_link) Chat Transcript: [Technical Steering Committee - 2026/02/18 - Chat Transcript](https://drive.google.com/file/d/1pVZaDl1O6gBYzEmgKRu3V2Re1gbC0yJi/view?usp=drive_link) ## Intros Kevin: Kevin Hammond, TSC Chair, Ensurable Systems\ Sebastian: Sebastian Nagel, nCoding, IOE, Technical Architect\ Bosko: Senior Project Manager, Intersect Staff, TSC Secretary\ Tex: Open Source Program Manager, Intersect Staff, OSC Secretary, Committee Liaison ## Agenda 02.18.26 * Actions from the last meeting * Improving Technical Comms for HF etc. * 2030 Vision KPI's * Parameter Update Status * Plutus Mem Limit has Passed * How to proceed with ccMinCommitteeSize * Constitution v2.4 Review * Review issues * Decide on actions * Cardano Node Update * 10.6 Status * 10.7 Status * Daedalus likely to wait for 10.7/11.x * TSC Operational Budget * Passed on to Intersect Delivery Team * Shared with ISC * ISC to organize a discussion session * Questions from Product Committee about TVL * dRep Compensation Paper * Christian Taylor * AOB ## Decisions/Actions **Decisions** * **Provisional Agreement on KPIs:** The committee accepted the initial KPI framework presented by Leandros, subject to normalizing the "Chain Density" metric to "Chain Quality." * **Budget Socialization:** Kevin will continue socializing the budget with the Intersect Steering Committee (ISC) but will seek to move "proposal reviews" to a general Intersect line item. * **Elections Questions:** The TSC confirmed that the existing election questions for technical seats remain valid and do not require immediate amendment for the April cycle. **Actions** * **Alexander:** Publish the X (Twitter) post regarding the SPO auto-abstain mechanism to the community. * **Leandros:** Connect with the consensus/research team (Yorgos) to refine the Chain Quality metric for the 2030 vision. * **Kevin & Neil:** Continue the technical audit of Constitution v2.4, focusing specifically on the guardrail text and immutability definitions. * **Bosko:** Share the link to the three TSC-specific election questions on Slack for a final 48-hour review by the committee. * **Ryan (C):** Present the DRep Compensation Paper for a dedicated discussion in the next TSC meeting.
| Topic | Discussion | Notes | | ----------------------------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ | ---------------------------------------------------------------------------------------------------------------------------------------------------- | | SPO "Auto-Abstain" Post | The committee discussed educating Stake Pool Operators (SPOs) on the mechanism to remove themselves from governance voting to reduce friction. | Alexander is drafting a post for the TSC account to clarify this for large staking providers. | | KPI Targets Review | Leandros presented the refined KPI document, focusing on protocol revenue (30% annual growth target), Plutus script usage, chain density, and Total Value Locked (TVL). | Target TVL set to $3B (mid-range chain) with a stretch goal of $9B (top-tier chain). | | Chain Density Metric | Sebastian and Leandros debated the 5% chain density target. Sebastian noted 5% is the theoretical maximum given the active slot coefficient (f=0.05). | The metric will be normalized to "Chain Quality" (actual vs. expected blocks). | | Technical Comms: Hard Fork | Leandros raised concerns that "security-only" upgrade bulletins lack detail, making it hard for SPOs to know what they are deploying. | Kevin noted the challenge of balancing public disclosure with the risk of exposing vulnerabilities before a patch is adopted. | | Security Council Outreach | Sebastian suggested using GitHub's security advisory mechanism for more structured, private-by-default communication with node operators. | Kevin will bring the issue of SPO notification improvements back to the Security Council. | | Parameter Update Success | Alexander confirmed the recent parameter update passed with 86% DRep support. | This update invalidated a competing proposal to reduce the committee minimum size. | | Committee Minimum Size | The group discussed the pushback against lowering the minimum CC size to 5. Some DReps prefer increasing the total number of CC members to boost decentralization. | Sebastian suggested that adding a new member alongside a minimum size reduction might improve "marketing" of the change. | | Constitution v2.4 Audit | Kevin reported that v2.4 is technically "a mess," with 90 pages of diffs that are nearly impossible to audit. | Neil and Kevin are struggling to verify if the changes are internally consistent. | | TSC Remit vs. Constitution | Nicolas argued that legal/constitutional critiques are beyond the TSC's remit, while Kevin insisted technical inconsistencies in guardrails must be flagged. | The committee agreed to list technical issues (like immutability definitions) for future iterations (v3.0) rather than blocking the current version. | | Node v10.7 Readiness | Kevin updated that Node v10.7 will be the hard fork-capable version. v10.6.2 is Mainnet ready but will not be used for the fork. | Daedalus is expected to wait for v10.7 or v11 before a major update. | | Budget & Review Costs | Nicolas and Sebastian questioned if the TSC should budget for reviewing all Intersect proposals. Both felt this is an Intersect executive obligation, not a TSC steering task. | Kevin increased the per-review estimate to $1,000 but will discuss shifting this responsibility back to the Intersect delivery team. | | Departure of Christian Taylor | The committee acknowledged Christian Taylor's departure from Intersect and the Security Council. | Christian was thanked for his foundational work in establishing the Open Source Committee (OSC). |