Thank for sharing this simple and concise summary. I mostly get my Hive news from other people and I really like this development. More signatures and checks are usually better. I remember one instance where an altcoin I was following had 3 out of the 5 signatures become compromised, and they lost a lot of money. So having more can greatly improve our security as well.
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Hive already does better with up to 40 signatures. This will only expand it by at least 10x (maybe more.