The DAO is an amazing experiment that has raised the equivalent of $164 million at the time of this publication, the decentralized autonomous organization is holding 12 million ETH, representing near 15% of all the ether in circulation, and has already received a few proposals, therefore, the security of its operations is paramount. The DAO has become the public face of Ethereum, and their destiny may be linked together.
Christoph Jentzsch, co-founder of the german startup Slock.it, and one of the main coders of The DAO’s smart contract source code has released version 0.1 of the Proposal Framework, an initiative seeking to standardize the way in which proposals are presented to the DAO token holders, and the smart contract itself.
Stephan Tual, Slock.it’s COO previously stated:
As the authors of both the DAO Framework and whitepaper, we are excited to see the growing momentum behind an initiative that will put safety as the forefront of the Proposal submission process while establishing a proper procedure to see The DAO’s own governance model iterated on in the coming months.
Indeed, the code of the original DAO framework is not perfect, several issues have