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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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Bitcoin's $100K price target returns as BTC price breaks out of bull pennant

What Bitcoin correction? BTC price holds $55K despite several bearish indicators

Сonsidering the rising reputation of the Blockchain as something truly secure, the impact of the DAO attack might be disastrous not only for The DAO and Ethereu...

R3 and The DAO Danger: How the Attack Can Impact the Blockchain Consortium

2016-06-27T16:35:00+01:00

673

Ardor, a “child chain” platform developed by the Nxt core dev team, is announced amidst reports of The DAO hack.

Ardor - New Competitor to Ethereum Arises Amidst Reports of The DAO Attack

Andrew Marshall

2016-06-24T16:33:00+01:00

5915

Ethereum stakeholders are set to secure their future and prevent a repeat of the June 17 attack as they are bound to decide on a DAO rescue fix.

The Future of Ether: Ethereum Miners to Decide on DAO Rescue Fix

2016-06-24T08:51:00+01:00

697

In a bid to thwart the latest exploitation of The DAO’s smart contract code, the Ethereum development community were moving funds away from The DAO.

Robin Hood Counter Attack: DAO Is Empty, 7 Mln Ether Secured

Rebecca Campbell

2016-06-22T13:42:00+01:00

645

Covertress, founder of Krypton, says that in order to keep credibility, Ethereum should do nothing about the DAO ‘hack.’

Expert: The DAO Was Exploited, Not Hacked, Ethereum Should Do Nothing

2016-06-21T16:20:00+01:00

4405

The world of cryptocurrencies has just opened a Pandora's box through the recent incident where an attacker was able to remove funds to a Child DAO. The story p...

Could Attacker Use "Clean Hands" on Dao Codes Based on Ethereum Platform?

Kokkinos Marinos

2016-06-19T15:15:00+01:00

889

Griff Green, a spokesman for Slock.it, the team which founded the DAO, says in an interview with Cointelegraph that he is privy to some of the pool operator’s d...

Ether Pool Operators Back Soft Fork, Says Griff Green After the DAO Hack

Andrew Quentson

2016-06-19T14:05:00+01:00

869

Hashflare, a first of the non-Ethereum family to come out publicly as likely affected by the breach in TheDAO contract, suspends ETH mining activities.

The DAO Breach Stops Ether Miner

Olusegun Ogundeji

2016-06-18T15:27:00+01:00

690