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
The highest-profile team to make the move so far, 1inch is also planning to become an infrastructure provider for layer-one blockchains.
1inch announces expansion to Binance Smart Chain, plans to run BSC node
Andrew Thurman
2021-02-25T16:05:06+00:00
16231
Use Case
Are decentralized autonomous organizations reaching their full potential? The current focus on governance means that many other opportunities are being missed.
Evolving the DAO: How decentralized companies can dominate Web 3.0
Connor Sephton
2021-02-22T15:00:00+00:00
6051
News
The self-styled "savings game" is hoovering user deposits, leading to meaty lottery payouts
No-loss lottery PoolTogether cracks $50 million in deposits after token airdrop
Andrew Thurman
2021-02-20T00:25:51+00:00
58838
News
The team “can’t believe” it has claimed the hot digital property and says that the gift came at an opportune time.
With rebrand on the horizon, SushiSwap receives “Sushi.com” domain name gift
Andrew Thurman
2021-02-19T16:06:49+00:00
12139
News
Can new code review models solve DeFi's audit problem?
As faith in audits falter, the DeFi community ponders security alternatives
Andrew Thurman
2021-02-18T14:23:16+00:00
14867
News
As the crypto community debates VCs participating in DAOs, Synthetix welcomes three new Spartans
Synthetix announces $12 million raise led by Paradigm, Coinbase Ventures, and IOSG
Andrew Thurman
2021-02-14T00:17:26+00:00
65831
News
Though a "prime suspect" has been identified, how will the protocol make itself whole?
Alpha Homora loses $37 million following Iron Bank exploit
Andrew Thurman
2021-02-13T14:33:45+00:00
24379
News
As the price for ZRX surges, the 0x team is taking initial steps towards community governance
0x takes initial steps toward decentralizing governance
Andrew Thurman
2021-02-12T22:01:19+00:00
79477

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