One Ethereum user’s loss of 40 ETH has prompted community debate surrounding ways to mitigate losses resulting from wallet address typos.
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.
The first MakerDAO debt auction is underway, and is expected to last anywhere between six and 72 hours.2971
Billionaire Tim Draper sees potential in DeFi and invests in a new DAO governance platform called DMM DAO.4887
Major decentralized finance player MakerDAO has partnered with payment processor Simplex to create a fiat on-ramp for its Dai decentralized stablecoin.3830
Waves established a non-profit association to stimulate global adoption of the DLTs and support the growth of the Waves ecosystem.3639
The secret to building a successful decentralized autonomous organization: Decred project lead shares four lessons in de-leadership.2755
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.3434
Joseph Lubin said that BTC and ETH are the only two successful coins in Cointelegraph’s weekly digest of news from Japan.3637
The Maker Foundation’s CEO reveals that its Multi-Collateral Dai system will be ready to launch on Nov. 18.2371
Huobi Wallet has added MakerDAO’s various offerings to its list of supported assets and services.2549
Monolith Visa debit card can now be loaded with tokens from Digix and MakerDAO.3318
The director of the Web3 Foundation has resigned, and says he will be gradually leaving Web3 to pursue work on DAOs.3746
Veil, an Ethereum-based predictions platform using the Augur marketplace, has shut down.11331
Ethereum Classic is set to undergo an Atlantis hard fork in September 2019, which will bring interoperability between sibling blockchains16865
Ethereum Classic developers and contributors recently decided that the Atlantis hard fork will occur on block 8,772,000, estimated for September 17.16297