Governance: Why Crypto Investors Should Care
Governance: Why Crypto Investors Should Care Bringing Governance Into consciousness: DAO By using maximum measures, the 2016 initial coin providing (ICO) for task fund Decentralized self sustaining organisation (DAO) was a fulfillment. Billed as the “largest crowdfunding challenge in human history,” it raised a record $100 million worth of ethers in less than two days.1 DAO changed into stateless and decentralized, which means that its operations were not tied to a specific geographic region, and it had a flat organizational structure. DAO token holders should vote on initiatives for investment and the connection among them and the overall company changed into ruled by using clever contracts on Ethereum’s blockchain. But a hack, which exploited security vulnerabilities in its code and resulted inside the theft of $fifty five million really worth of ether, foiled its aims. The query of what to do with the remaining budget cleaved the Ethereum developer network.2 KEY TAKEAWAYS...