DAO

The Future of On-Chain Voting in Blockchain Governance

Tuesday. September 10 at 3:00 AM

1 min. read

Blockchain protocols and decentralized autonomous organizations (DAO) advocate for conducting activities on-chain, yet most voting still occurs off-chain. This reliance on Web2 single-operator-run votes poses challenges for achieving true decentralization. The high gas fees associated with on-chain voting deter many from participating, creating a barrier to inclusivity. Off-chain governance, while cost-effective and customizable, requires trust in third parties. However, a shift towards on-chain voting is underway, with platforms like Snapshot offering easy and free on-chain voting solutions. This transition represents a step towards showcasing the unique potential of blockchain governance. On-chain voting ensures a more democratic process, where each token holder has a direct say without intermediaries. Embracing on-chain voting not only enhances blockchain culture but also sets a precedent for broader societal change. By prioritizing transparency and integrity, blockchain technology can revolutionize voting systems and pave the way for a more inclusive and trustworthy democratic process.

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Strengthening TRON Network Integrity

Monday. September 30 at 5:30 PM

TRON DAO recently completed a security assessment conducted by ChainSecurity in Geneva, Switzerland. The assessment focused on the Java-Tron client, aiming to identify vulnerabilities that could impact the TRON blockchain's performance. ChainSecurity discovered vulnerabilities related to PBFT messages, block processing, and signature checks. The TRON development team promptly addressed these issues to enhance network stability. Collaboration between TRON DAO and ChainSecurity emphasizes the importance of proactive security measures. This assessment reinforces TRON's commitment to safeguarding user assets and data. With the identified vulnerabilities resolved, TRON's security infrastructure has been significantly strengthened. TRON's dedication to maintaining high security standards provides a safe environment for its global user base. The TRON network, known for its impressive achievements, continues to grow with over 256 million user accounts and significant transaction volume. TRON's collaboration with ChainSecurity underscores its commitment to network security and resilience.

DAO

Community Vote on Fate of Unclaimed JUP Tokens

Saturday. September 28 at 5:30 PM

Jupiter, a decentralized exchange aggregator on Solana, has initiated a community vote to determine the destiny of 215 million unclaimed JUP tokens. These tokens, originally designated for the platform's 'Jupuary' airdrop and staking rewards, remained unclaimed or were from compromised wallets. The vote, which began on September 27, stems from a proposal by the Jupiter team, led by developer Weremeow, as part of the J4J initiative to enhance certainty, alignment, and transparency among JUP holders. This proposal marks the second phase of the J4J initiative, following the successful implementation of the first proposal in August. The current proposal offers options to either extend the Active Staking Rewards program, burn the tokens to reduce supply, or return them to a community-managed wallet for future decisions. The community can participate in the voting process at vote.jup.ag to shape the future of Jupiter's governance and promote transparency.

DAO

TRON DAO's Impact at TOKEN2049 Singapore

Friday. September 27 at 2:00 PM

TRON DAO made a significant impact at TOKEN2049 Singapore, the world's largest Web3 conference, as a Title Sponsor. The event saw TRON founder Justin Sun delivering keynote speeches and emphasizing TRON's commitment to enhancing blockchain security. TRON DAO collaborated with industry leaders for high-profile events, including an exclusive afterparty co-hosted with HTX DAO. The highlight was the establishment of the T3 Financial Crime Unit (T3 FCU) by TRON, Tether, and TRM Labs to combat illicit activities associated with USDT on the TRON blockchain. TRON DAO's involvement in Google Cloud's events and CFN further showcased its dedication to shaping the future of Web3. The article also highlighted TRON's achievements, including full decentralization in 2021 and becoming the national blockchain for the Commonwealth of Dominica in 2022.

DAO

Securing Investment DAOs: Ensuring Trust and Security for Investors

Thursday. September 26 at 3:30 PM

Investment DAOs are a unique form of decentralized autonomous organizations where users combine their funds for investments. This poses a challenge for potential members in trusting an organization with anonymous members worldwide. To address concerns of rugpulls and fraud in the crypto sector, Vanta DAO founder Josh Field emphasizes the need for reliability and reputation. Vanta DAO has completed numerous deals since its inception in 2021, with fully disclosed founders. To provide legal guarantees, Vanta DAO established a DAO LLC structure with series LLCs in the Marshall Islands. The use of multi-signature wallets and a council for transaction approvals ensures fund security. As Vanta DAO progresses towards decentralization, it focuses on recruiting members with strong reputations in the crypto space. These measures aim to assure investors of the safety of their funds and the credibility of their investments.

DAO