The development of cryptocurrency technology has come a long way since the introduction of Bitcoin. Ethereum protocol is currently the example of its highest form so far. It is widely known that Ethereum is in no way the final stage of cryptocurrency technology, as it is expected to grow further with time.
The Ethereum foundation has been doing a great job with the development of Ethereum platform so far. However, in the recent days, the leading developers in the Ethereum community including its founder Vitalik Buterin are more focused on things other than core Ethereum. Decentralized Autonomous Organizations (DAO) a concept built over Ethereum protocol that allows the creation of decentralized democratized organizations on the blockchain where those who are part of the organization are identified by their possession of DAO tokens, which also marks their right to cast votes to decide upon the organization’s course of actions. DAOs were recently introduced by Ethereum and the DAO crowdsale was used to raise funds for Ethereum foundation.
After the successful DAO crowdsale, the Ethereum foundation has been increasingly focused on the development and implementation