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DAO News

A DAO, or Decentralized Autonomous Organization, is an idea for a firm that is ruled with enforced digital rules and without hierarchical management. DAO as an idea is very close to Bitcoin in its attempt to get rid of all middlemen in transactions.
The most important attempt to create DAO is “The DAO”--a machine-operating venture organization launched in 2016. The basic idea for an interested person was to put money into the system and then get an amount of votes used for elections of ideas worth investing in. Even the biggest critics of DAOs were in love with the idea, but they also found a lot of flaws and security holes in “The DAO”. Although the project failed within a couple of months because of the hack which resulted into hackers gaining control over 3.6 million Ether, it was a big success as a first product of sorts, gathering money from more than 10,000 users. It is likely that we will hear some DAO news soon.

Top News

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Shiba Inu rebounds 40% despite major selling by SHIB whales

One currency to rule them all: Facebook’s Diem has global ambitions

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The move follows several fee hikes aiming to improve the dollar peg of Maker’s Dai stablecoin.

MakerDAO Polls Users on Fresh Fee Increase to 7.5 Percent as Stablecoin Wobbles

2019-03-19T08:38:00+00:00

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Decentralized Autonomous Organization MakerDao will raise the DAI stability fee by 2% to 3.5%, according to the results of a recent vote.

MakerDao Users Vote to Raise Stablecoin DAI’s ‘Stability Fee’ by 2%

2019-03-08T14:34:00+00:00

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The plans, which would continue a practice begun in February, aim to shore up the exchange rate of USD-pegged Dai.

MakerDAO Users Vote on ‘Stability Fee’ Increase as DAI Stablecoin Peg Wobbles

2019-03-06T10:23:00+00:00

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CTO of blockchain protocol EOS Dan Larimer has proposed rehauling the project’s constitution to limit arbitrators’ powers only to cases where there is a “code-i...

EOS CTO Proposes Rehauling Constitution as Disputes Over Governance Continue

2018-06-27T19:55:00+01:00

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Ethereum Classic claims a successful network upgrade has been implemented at block 5,900,000 to ensure that mining will stay viable in future.

Ethereum Classic Upgrades Network Protocol to Ensure Mining Remains Viable

2018-05-30T15:20:00+01:00

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PBoC’s Institute of Digital Currency director sees Blockchain as potentially widely implemented if its governance mechanisms are changed towards centralization.

PBoC Director Bullish On Blockchain, But Sees Potential In More Centralization

Molly Jane Zuckerman

2018-04-27T18:03:00+01:00

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The EIP-999 proposal to restore the 513,774 ETH frozen in the Parity multi-sig library since last fall has been rejected.

Ethereum Proposal To “Resurrect” Disabled $360 Mln Parity Contract Shut Down

Molly Jane Zuckerman

2018-04-24T20:20:00+01:00

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ICOs’ move towards security tokens puts them in the regulatory firing line, but it can often be avoided

Utility or Security Token: Choosing Between ICO Coins

2018-03-14T16:20:00+00:00

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