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

Transcript: Technical Steering Committee - 2026/02/18 - Transcript

Chat Transcript: Technical Steering Committee - 2026/02/18 - Chat Transcript

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).