Digix: DigixDAO Governance Model — Update #13

ethereum

DigixDAO Governance Model — Update #13

DigixDAO smart contracts audit progress

As mentioned in our dev update this week, ChainSecurity has been chosen to audit DigixDAO smart contracts. They are an experienced team who has audited other complex smart contract systems such as KyberNetwork and DaoStack, among others. A safe estimate for the completion of the audit as well as potential bug fixing (if there is no major refactoring) is by the end of 2018.

Development of DigixDAO governance platform

We have started on building the User Interface as well as backend for DigixDAO governance platform. You can see some teaser shots of the UI in our dev update this week.

We are doing the whole system (UI and Backend) in terms of sprints. For the current sprint 1, we are aiming to have a very rudimentary internal version up by 23rd October, whereby:

  • Users can load their Ethereum wallet
  • Users can see the general DAO timeline
  • Users can see and browse through the compact views of the proposals
  • Note that users cannot do any DAO actions in this sprint yet.

Although rudimentary, most pieces of the system (UI and one of the two backend servers) would already be up and integrated with each other when sprint 1 is done. We would slowly build upon it in the subsequent sprints, in an agile manner.

DigixDAO parameters

As can be gleaned from the previous updates, there are a sizeable number of parameters in DigixDAO design. These parameters are there to fine-tune the various mechanisms present in DigixDAO that were designed to create a reasonable system. Assuming that our audit would pass with no major code changes needed, the next step would be for us to set these parameters before the contracts can be deployed. In the coming weeks, we will be working on setting this initial set of parameters. As the DAO progresses through its first quarters, we would then observe how the system works and fine-tune the parameters along the way (through Special Proposals).

— -

We always appreciate feedback from the community on any angles, so do drop us a note or join our channels below:

Original article was created by: Digix at medium.com

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency or ICO.

Interested in Cryptocurrencies and ICO's?

Follow our telegram channel for daily cryptomarket reports!

Join @cointrends

Related Articles

pubDate Newsline
1 month ago BANKEX Monthly Update: September 2018
1 month ago Blocktix Dev Update Q3

Stay on top of Altcoins and ICO trends.

Subscribe to our free Weekly Cryptomarket report

Delivered once a week, strongly to your inbox.

Subscribe to our mailing list
October 10, 2018
October 09, 2018

Digix Dev Update — 9th Oct 2018: Audit on DigixDAO contracts, UI Progress, Pending partnership…

Digix Dev Update — 9th Oct 2018: Audit on DigixDAO contracts, UI Progress, Pending partnership with Renowned International Bullion RetailerDigixDAO smart contracts audit progressChainSecurity has been chosen as DigixDAO smart contract auditor and we have started on the auditing process...

From: Digix
September 25, 2018

DigixDAO Governance Update #12

Code Freeze and AuditWe have been developing the DigixDAO Ethereum-based smart contracts DigixDAO for the last three months. After thoroughly testing them, we have finally frozen the contract codes. We are in talks with Smart Contract Auditors, and will engage them for the audit soon. The...

From: Digix

Digix Dev Update 25 Sep — SG Blockchain Week, New Hire, DigixDAO governance audits

Round up of SG blockchain week1. Immutable Summit as organized by Kenetic, Digix, XSQ (18 September, Tuesday)This was the first ever Immutable conference held outside of Hong Kong for Kenetic and we were proud to be part sponsors and organizers to the event. 250 people came through as lively...

From: Digix
September 12, 2018

DigixDAO Governance Model — Update #11

Contract testingWe have been thoroughly testing DigixDAO contracts in the recent weeks. It has come to the final test cases and we are aiming to be audit-ready by the end of September.Claiming of DGX rewardsIn this section, we will be describing how participants in DigixDAO governance could...

From: Digix
September 11, 2018

Digix Dev Update — Sept 11 2018: Hiring Plans, Events hosted, and hosting during Blockchain Week

!NEWS FLASH: DIGIX IS HIRING IN ALL DEPARTMENTS!We are looking for passionate people to join Digix. Please click on the link below to view all job listings available.https://angel.co/digixglobal-1/jobsWe spent the past week fine tuning and identifying what we need to bring Digix to the next...

From: Digix
Upcoming ICO's
This week overview
Token Name Starts
Nodvix (NVDX) logo Nodvix (NVDX) 1 days
B21 (B21) logo B21 (B21) 2 days
Coingrid (CGT) logo Coingrid (CGT) 2 days
Empleos (PLEO) logo Empleos (PLEO) 4 days
InnovaMinex (INX) logo InnovaMinex (INX) 5 days
WHIRL (WRL) logo WHIRL (WRL) 5 days
Gturbo (GTR) logo Gturbo (GTR) 5 days
Talent Token (TLNT) logo Talent Token (TLNT) 5 days
Adab Solutions (ADAB) logo Adab Solutions (ADAB) 7 days
Cryptocurrency rates
*Last hour average price&change
Coin Name Price Hour
Bitcoin logo BTC $4528.47308186 0.84%
Ripple logo XRP $0.4404125164 1.28%
Ethereum logo ETH $132.950713691 0.9%
Bitcoin Cash logo BCH $234.692784935 1.18%
Stellar logo XLM $0.2002371386 2.8%
EOS logo EOS $3.7381407424 0.65%
Litecoin logo LTC $33.2229432996 0.72%
Tether logo USDT $0.9775314334 -0.2%
Cardano logo ADA $0.0457932818 1.31%
Monero logo XMR $67.8217953536 0.89%
Tronix logo TRX $0.0142644479 1.7%
DigitalCash logo DASH $107.374113637 0.92%