At Digix, we create a world where 99.99% fine gold bars are made divisible, transferable and redeemable. DigixDAO was formed to create and manage a new cryptocurrency that will be backed by actual physical gold stored in vaults. (It’s called DGX tokens, which we will discuss further). DigixDAO is a decentralized, autonomous organization proposed and created by Digix Global company.. Digix Global’s whitepaper states that they do this through a protocol that they have developed – PoA (Proof ... It was the first ever crowdsale and major Distributed Autonomous Organization hosted on the Ethereum network. The sale intended to run for 30 days but met its 5.5 million dollars hard cap in just 12 hours, selling 1.7 million DGD tokens and reserving 300,000 for the Digix team. To fund this vision, Digix Global conducted one of the first Ethereum-based ICOs in Q1–2016. The project raised ~466,648 Ether (valued at ~$6MM USD at the time of the sale) and sold 1.7MM DGD tokens (of the total 2.0MM total token supply). The ICO was the second major Ethereum-based ICO following Augur’s ICO in 2015, and sold out in 9 minutes. People all over the world use ETH to make payments, as a store of value, or as collateral. The latest news about Ethereum mostly concerns the move to Serenity the last post-development phase of Ethereum as well as changing Ether mining’s concept from Proof-of-Work to Proof-of-Stake in order to reduce the power cost of the process.
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The last months have simply been insane: Ethereum reached $1B market cap, more than 100'000 unique addresses and more than 5'000 nodes. On the less positive side, we have seen a significant mining ... Kai is the Founder and CEO of Digix Global, the company that is tokenising gold and putting it on the Blockchain. Kai was previously an FX trader on Wall Street before getting into crypto in 2014 ... Video of Ethereum co-founder Vitalik Buterin's speech to the Ethereum Singapore Meetup which addresses scalability, other challenges for Ethereum, and how they will be resolved in the future ... Ethereum Classic (ETC) was 51% attacked in the past few days with a major block reorganization, according to Coinbase and other sources. What does it mean for #ETC, what does it mean for other ... Ethereum is a Proof-of-Work blockchain that allows users to build their own decentralised applications. iIt is a smart contract platform that supports a generalised scripting language.