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DAO

Meet Nimbus, a Concept for Enhancing BCH Smart Contracts

<header class=”article__header”> </header> <strong>On Monday, software developer Tobias Ruck introduced a new transaction version for the <a class=”lar-automated-link” href=”https://markets.bitcoin.com/crypto/BCH” target=”_blank” rel=”noopener noreferrer”>BCH</a> chain called Nimbus in a demonstration video. The introduction is a longer version of the presentation Ruck had shown at the Bitcoin Cash City conference. According to the developer, the transaction version could …

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Huobi Wallet to Support MakerDAO Tokens, Decentralized Applications

Major cryptocurrency exchange Huobi has added support for MakerDAO tokens and decentralized apps (DApps) in its wallet.  Huobi Group shared the announcement with Cointelegraph on Aug. 19. MakerDAO has a stablecoin called Dai, a token named MKR, and applications including CPD Portal. The Maker project is a combination of its stablecoin, collateral loans and community …

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Web3 Foundation Director Resigns to Pursue DAO Projects

Web3 Foundation (W3F) director Ryan Zurrer has announced that he is stepping down from his role at the decentralized web-focused nonprofit to pursue his interest in investments and decentralized autonomous organizations (DAOs). Zurrer expounded on his departure in a series of Twitter posts on Aug. 5. Zurrer explained that he will be gradually removing himself …

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Ethereum-Based Augur Enhancement App Veil Closes Up Shop

The Ethereum-based predictions platform Veil is shutting down, according to an official Medium post on July 11. As of July 11, no new markets will be added to the platform. Trading will be disabled entirely on July 24. Veil co-founder Paul Fletcher-Hill recommended that users redeem open positions, withdraw positions from active markets, and withdraw …

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Discovering Atlantis: Ethereum Classic Hard Fork and What Will Change

On June 19, the Ethereum Classic (ETC) community announced that the Atlantis hard fork is now in its testing stage. As Cointelegraph previously reported, the update is scheduled for Sept. and will take place on the block 8.75 million.  Also, as Cointelegraph reported, ETC Labs, which actively contributed to the Atlantis project, will soon introduce …

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Atlantis Hard Fork for Ethereum Classic Scheduled for September 17 Launch

The Atlantis hard fork for Ethereum Classic (ETC) has been officially set to occur at block 8,772,000 on the blockchain, according to the Ethereum Classic Improvement Protocol (ECIP) finalization call via Discord on June 20. As per the discussions in the call, the developers and contributors had previously considered putting the hard fork at block …

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Internal Power Struggle at MakerDAO: When Coding and Personal Interests Collide

In the crypto industry, there are many examples of how a conflict of interest has led to a company split. Perhaps, the largest ones are the forks of bitcoin (BTC), bitcoin cash (BCH) and the Ethereum (ETH) network. As a rule, the reason lies in disagreements related to the philosophy of the project, its development …

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DOrg LLC Purports to be First Legally Valid DAO Under US Law

Decentralized Autonomous Organization (DAO) developer cooperative dOrg has created a limited liability company (LLC) to grant its native DAO legal status, according to a report by independent law firm Gravel & Shea on June 11. As its name implies, a DAO is a firm with no centralization or hierarchy, and is instead governed by open …

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dOrg Founders Have Created the First Limited Liability DAO

DOrg, a company that builds DAO-related software founded by Ori Shimony, Asgeir Sognefest, and Jordan Ellis, has created what it calls the first Limited Liability Decentralized Autonomous Organization or DAO, a legal way to “reference blockchain code (smart contracts in our case) as the legitimate source of authority for their company’s operations and governance.” The …

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The Startup Behind Ethereum’s Infamous DAO Has Been Acquired

Blockchains.com, a blockchain incubation and investment firm, announced today the acquisition of slock.it, a German company with roots in the original development of ethereum. Blockchains was primarily interested in slock.it’s Incubed project which enables human and machines secure participation in the economy of things through the ethereum blockchain. The merger will allow both companies to …

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