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Tag Archives: Governance

Why a Decentralized Currency Without Governance Isn’t Trustless

A major selling point of cryptocurrencies is their purported trustless nature: you don’t have to trust any one person or entity in order to use them. Generally speaking, most cryptocurrencies employ a trustless and permissionless model. However, most also lack an effective governance mechanism. While some old-school crypto fans may think that governance is optional, in reality it’s the only ...

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Investopedia Highlights Dash in an Article on Cryptocurrency Governance

Investopedia, the famous financial knowledge database and financial news service, recently published an article that discusses the importance of cryptocurrency governance. The author, Rakesh Sharma, started off by mentioning the DAO on the Ethereum network that raised a record $100 million USD, but eventually got hacked, lost $55 million USD, and created a fork in the Ethereum community. The article highlights ...

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Ethereum ‘Stakeholders’ Meet To Discuss Governance, Without Vitalik Buterin’s Involvement

Ethereum co-founder Vitalik Buterin has said he did not attend nor give “permission” for approval of a roadmap cementing “governance” this week. A group of entities had committed to aiding growth of the Ethereum ecosystem, summarizing their intentions in a statement May 9. The signees, all of which attended the EIP0 Summit earlier this month, identified a need to “help ...

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How Dash’s Free Market Approach Won the Governance Race

The top cryptocurrency project with a built-in governance system, Dash has for years stood as the gold standard in this field. As many new projects attempt to solve this great puzzle of how to run a decentralized autonomous organization, and other non-DAO coins run into consensus problems time and again, the first DAO begins to look a little minimalist by ...

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A Decentralized Governance System – The Merkle

The human body is a decentralized structure made of organs, sub-organs and sub-sub-organs, all the way to the cells, which themselves have their internal structure. The functionality of the body is pretty decentralized and no cell instructs other cells on what to do. Rather, each cell operates autonomously according to inputs it receives from its environment. Now, imagine a company ...

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nChain Pulls Gigablock Testnet Funding, Highlights Bitcoin Cash Governance Issues

Bitcoin Unlimited has lost its funding from nChain due to public comments critical of its chief scientist Craig Wright. According to a post by Bitcoin Unlimited’s chief scientist Peter Rizun, blockchain research and development firm nChain has discontinued its funding of the Gigablock Testnet Initiative, a long-term scaling experiment conducted by Bitcoin Unlimited. This was due to Rizun’s public comments ...

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First Bitcoin, Now Ethereum Faces Governance Crisis

One month ago, Ethereum’s cofounder Vitalik Buterin said the project’s governance is “not that bad.” Talk about damning with faint praise. Ethereum presently finds itself in the same position Bitcoin was in for several years: a decision needs to be made, but the project lacks a formal governance structure. What decision? Ethereum uses a Turing-complete programming language, and that gives ...

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Deutsche Bank: ‘Required Governance’ For Crypto ‘Could… | News

Deutsche Bank’s Chief Investment Office head Markus Mueller has suggested that “governance” that will legitimize crypto investments could exist in “five to ten years.” Originally speaking in an interview with Bloomberg on Monday, Jan. 29, Mueller cautioned against current investment in cryptocurrency as only for those “who invest speculatively” while appealing for businesses in the sphere to work together with ...

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New Ethereum-Based Platform to Improve Governance Serv… | News

Huge amounts of money are being poured into attempting to resolve institutionalized flaws within government service delivery. As recently as November 2017, the government of the UK committed £20 mln (approximately $27 mln in the US). Just as fintech has emerged as one of the fastest growing modern industrial sectors, it appears that ‘GovTech’ may join it in prosperity soon. ...

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