Parity announces final Byzantium release

Parity has announced its final Byzantium release ahead of Ethereum hardfork
14 October 2017   2418

The second-largest provider of ethereum protocol software, Parity, has announced its final Byzantium release just days before Ethereum is to undergo a hardfork to upgrade its blockchain.

Thus, Parity's release was found to contain "consensus bugs" in the software that would force network nodes, the computers underlying the blockchain, to split onto a different version of the protocol.

As far as Parity is responsible for maintaining the software that runs nearly a quarter of the nodes on the Ethereum blockchain, the delay in releasing code caused panic and even led Ethereum's developer team to consider delaying the fork earlier today, as detailed by coindesk.com.

For now, it looks as though the Parity team has rescued the situation – Bzyandtium hardfork is scheduled for block 4,300,000 (about two days from now). Parity developer, Afri Schoedon, argues that although the client's team considered proposing a delay, it would be more complicated due to the work that's already been done in an attempt to execute it.

Pushing a fix for one client implementation is easier than pushing an update containing the delay for all clients, especially if this happens on such a short notice.
 

Afri Schoedon
Parity developer

According to the team, an announcement  that will include more details about testing and features is forthcoming.

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   204

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.