Slock.it Releases First Version of The DAO’s Proposal Framework
Slock.it's Co-Founder Christoph Jentzsch released the first version of the Proposal Framework, an initiative to make a standardized rule-sets for The DAO's proposals, this is done to minimize the risks of a proposal taking advantage of the security vulnerabilities in The DAO contract code. The DAO is an amazing experiment that has raised the equivalent of $164 million at the time of this publication, the decentralized autonomous organization is holding 12 million ETH, representing near 15% of all the ether in circulation, and has already received a few proposals, therefore, the security of....
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Bitcoin exchanges all over the world are starting to expand their offering to gain wider recognition. Gatecoin, one of the unsung heroes of the cryptocurrency exchange world, has listed Slock.it and DigixDAO tokens on their exchange platform. It is always positive to see some of the more prominent Ethereum-based projects gaining some attention these days. DigixDAO, which brings Ethereum-based gold-backed tokens to the cryptocurrency community, recently completed their crowdfunding campaign in record time. Slock.it is another project that has gotten a lot of attention lately, as they let....
The New York State Department of Financial Services (NYDFS) has released a revised version of its BitLicense proposal. First revealed in July, the new framework comes after a lengthy, 90-day comment period for the proposed regulation, which saw notable names from both within and outside of the bitcoin industry weigh in on the proposal. The finalized bill includes previously announced changes, like exclusions for software providers, gift card companies and those who seek to use blockchain tokens for non-financial purposes. A spokesperson for the NYDFS indicated that an official version of....
Backfeed, an open-source startup that develops a social operating system for decentralized organizations, suggests possible solutions for DAO problems. Julian Feder of Backfeed writes: “We felt about DAO’s the same way normal people feel about unicorns and UFO’s, and at last, contact is established, disclosure may begin.” DAO’s potential failures. Backfeed is a young organization that has been working resiliently on developing effective models of conducting the Distributed Autonomous Organization. They have put a lot of work into proving to the whole world that a decentralized organization....
This story has to begin with the big news: the decentralized autonomous organization known The DAO has raised millions worth of ether, the native cryptocurrency of the Ethereum network, in just a few weeks. If you’ve read The DAO’s whitepaper, you might have managed to understand what it is: blockchain code that emulates the behaviour of a crowdfunding business entity that can fund and earn a return from other blockchain-coded business proposals. The DAO and its valuation will be an effective ether index of the proposals it accepts, much like the Dow is a stock market index. The difference....
In the wake of the Etherum-based Slock.it DAO’s catastrophic failure, new project Wings thinks it can make a DAO that is both better and more secure. WINGS: A New DAO. Instead of a “simple” venture capital platform, Wings provides a forecasting service. With this service, participants in the distributed autonomous organization (DAO) predict which....