Ethereum Emission to Reach All-Time Low

As reported, Ice Age happened due to hard fork delayal and mining complication
11 February 2019   851

Ethereum emission fell from 20,000 ETH per day to 13,000 ETH under the influence of the “Ice Age”, which happened due to the delay of the next hard fork and complication of mining. On Sunday, Ethereum’s daily production reached a historic low, dropping 2,000 ETH lower than during the last activation of the bomb, which occurred in September 2017, Trustnodes reports.

In the near future, the ETH emission may drop to 10,000 ETH, but with the activation of the Constantinople at the end of the month, the value will be set at 13,400 ETH. At the same time, Ethereum’s inflation rate will approach Bitcoin and will be about 4% By the end of the year, along with the launch of the Beacon-chain based on the Proof-of-Stake algorithm, inflation of Ethereum will drop to 2%, and the halving in the bitcoin blockchain, which will affect its emissions in the same way, will take place in 2020.

Over the last month, the price of ETH rose from $ 100 to $ 120, the volume of short positions fell from 320,000 to 215,000, and long ones increased from 400,000 to 460,000. The block creation time in the Ethereum network rose above 20 seconds, together with which the average daily number of transactions fell from 580,000 to 380,000. However, the commissions remain at fairly modest levels and currently amount to $ 0.005 per transfer per transaction.

dOrg to Become The First DAO With Legal Status in US

DAO is a company in which the centralized leadership and hierarchy is replaced by a smart contract
13 June 2019   200

The decentralized autonomous organization (DAO) dOrg based on the DAOstack framework registered dOrg LLC in Vermont, USA. This was the first precedent in the United States, according to law firm Gravel & Shea.

According to the company, the blockchain-based limited liability company (BBLLC) has a legal status, which allows it to enter into agreements and protect the interests of participants in accordance with applicable law.

Note that a DAO is a company in which the centralized leadership and hierarchy is replaced by a smart contract. Decisions in such organizations are made by voting by the participants, which provides consensus.

dOrg asked us to help design a DAO legal wrapper after discovering the potential of BBLLCs. We believe that dOrg is now the first legal entity that directly references blockchain code as its source of governance. Its material operations and ownership interests are managed entirely on-chain.

Oliver Goodenough

Law professor, Vermont Law School and special counsel, Gravel & Shea

dOrg believes that they have made the first step in integrating the DAO format into the existing economy.

Some time ago, Moloch DAO attracted 1000 ETH from Vitalik Buterin, Joseph Lubin, start-up ConsenSys and non-profit organization Ethereum Foundation.