Unstoppable organizations Create value without borders or intermediaries

  • The Aragon Network (AN) will be the first DAO whose goal is to act as a digital jurisdiction that makes it extremely easy and friendly for organizations, entrepreneurs and investors to operate.
  • Aragon organizations will be able to be seamlessly upgraded and solve human disputes using a decentralized court system.
  • The Aragon Network has its own token, ANT, which will be used to govern every single aspect of its functioning.

Unstoppable companies
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Without smarter governance, blockchains will fall victim to more attacks

  • Without smarter governance, blockchains will fall victim to more attacks
  • The DAO is an online, investor-directed venture capital fund built on the Ethereum blockchain network.
  • It is perfectly legitimate to do whatever a smart contract’s code permits, even if this is beyond the original intention of those who wrote the code.
  • Started in 2014 by teenage programming prodigy Vitalik Buterin, the Ethereum network is unique for its pioneering use of “smart contracts”.
  • Upon closer examination though, The DAO was not hacked at all.

Read the full article, click here.


@BitcoinNooz: “Without smarter governance, blockchains will fall victim to more attacks – #bitcoin”


Benjamin Dean,


Without smarter governance, blockchains will fall victim to more attacks

Hack attack drains start-up investment fund

  • Earlier this year, investors put about $150m of Ether into the DAO.
  • “An attack has been found and exploited in the DAO, and the attacker is currently in the process of draining the Ether contained in the DAO into a child DAO,” wrote Ethereum founder Vitalik Buterin in a blogpost about the incident .
  • Mr Buterin has proposed that the system be changed to make all the addresses holding Ether in the separate or “child” DAO invalid.
  • The attack targeted an investment fund called the DAO which is based on technology derived from the Bitcoin crypto-currency.
  • But one DAO participant noticed a flaw in the way that tokens were transferred between members – this allowed them to siphon off about 3 million of the tokens into a separate DAO of their own.

Read the full article, click here.


@PeteStatham: “Hack attack hits #blockchain and drains start-up investment fund #cybersecurity -”


Hackers have taken control of virtual cash worth $60m (£41m) by exploiting a bug in a system designed to help start-ups.


Hack attack drains start-up investment fund