Charity DAO Gives the Original DAO a Second Chance

Bitcoin Watch Shop

FacebookTwitterGoogleVkontakteRedditEmail this page
Whatsapp

This week Slock.it CTO Christoph Jentzsch announced a new project called the Charity DAO. The idea comes after the team’s disastrous DAOHub experiment, which had a fatal bug allowing an attacker to drain $150 million in Ether. Interestingly enough, Jentzsch wants to take a stab at the autonomous organization concept once again.

After Original DAO Failure a New Charity DAO Is Rising

christoph_jentzsch
Slock.it CTO Christoph Jentzsch

Slock.it CTO Christoph Jentzsch surprised everyone when he announced a new DAO creation, collaborating with the Giveth organization. The Charity DAO will give donors control and transparency towards donations by allowing voting towards certain charities. The new DAO effort will be a nonprofit entity that is very similar to the original DAOHub. However, this time Jentzsch says security will be tighter by utilizing the knowledge gained from the last experiment.

Charitable


Read more ... source: TheBitcoinNews

Advertise on the Bitcoin News

Do you like The Bitcoin News ? Thank you for Support us !
BTC: 1FVCSiK2ErerjH1kBP4VLS5LqR3YzmVeXf
ETH: 0xa829E61Cc130b4f02fbfc9D7763361a550C7f824