Would decentralized governance save social media platforms from polarizing its users with its politics?
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.
DeepDAO has launched a new interface for examining the health and wealth of the top decentralized organizations in crypto.4302
Is the rebasing project a useful economic experiment? Some of the crypto A-list says it’s just another scam.12478
PornVisory is moving to a decentralized governance structure based on the DFO standard, which allegedly allows greater user influence than DAOs.13922
A network that aims to facilitate the cross-chain movement of assets has launched a decentralized autonomous organization.9475
PlusToken, one of the greatest exit scams in history, defrauded investors of nearly $6 billion, according to latest reports.5181
Decentralized exchange Curve has attracted record volumes after revealing plans for the retroactive distribution of its forthcoming governance token.4890
According to Pavol Luptak, “cryptocurrencies or crypto markets may undermine government laws and regulations that are obsolete for the 21st digital century.”2356
One Ethereum user’s loss of 40 ETH has prompted community debate surrounding ways to mitigate losses resulting from wallet address typos.6767
The first MakerDAO debt auction is underway, and is expected to last anywhere between six and 72 hours.3141
Billionaire Tim Draper sees potential in DeFi and invests in a new DAO governance platform called DMM DAO.8649
Major decentralized finance player MakerDAO has partnered with payment processor Simplex to create a fiat on-ramp for its Dai decentralized stablecoin.4288
Waves established a non-profit association to stimulate global adoption of the DLTs and support the growth of the Waves ecosystem.3744
The secret to building a successful decentralized autonomous organization: Decred project lead shares four lessons in de-leadership.2862
Known as Multi-Collateral Dai , the new type of the Dai will be backed by several types of collateral in contrast to the existing Single-Collateral Dai.3600