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. 

News
One Ethereum user’s loss of 40 ETH has prompted community debate surrounding ways to mitigate losses resulting from wallet address typos.
ETH Community Discuss DAO for Reversing Funds Lost to Wrong Addresses
Samuel Haig
2020-05-17T18:00:00+01:00
6502
News
The first MakerDAO debt auction is underway, and is expected to last anywhere between six and 72 hours.
MakerDAO’s First Debt Auction of MKR Tokens Is Successfully Underway
Jack Martin
2020-03-19T16:37:00+00:00
2952
News
Billionaire Tim Draper sees potential in DeFi and invests in a new DAO governance platform called DMM DAO.
Billionaire Tim Draper Sees Potential in DeFi and Backs New DAO
Ting Peng
2020-03-17T16:45:00+00:00
4861
News
Major decentralized finance player MakerDAO has partnered with payment processor Simplex to create a fiat on-ramp for its Dai decentralized stablecoin.
DeFi Leader MakerDAO Partners With Simplex to Create a Dai Fiat On-Ramp
Adrian Zmudzinski
2020-03-03T14:04:00+00:00
3804
News
Waves established a non-profit association to stimulate global adoption of the DLTs and support the growth of the Waves ecosystem.
Waves Launched a Non-Profit Association Under German Law
Veronika Rinecker
2020-02-03T23:59:00+00:00
3635
Opinion
The secret to building a successful decentralized autonomous organization: Decred project lead shares four lessons in de-leadership.
Secrets They Missed at DevCon: What It’s Really Like in a Working DAO
Jake Yocom-Piatt
2019-11-19T12:52:00+00:00
2742
News
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.
Maker Launches New Dai Today, Expects to Phase-Out Old Dai in Months
Helen Partz
2019-11-18T13:13:00+00:00
3422
Local News
Joseph Lubin said that BTC and ETH are the only two successful coins in Cointelegraph’s weekly digest of news from Japan.
Crypto and Blockchain News From Japan: Oct. 7–13 in Review
Helen Partz
2019-10-13T20:40:00+01:00
3633

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