The DAO community received some good news today, the proposal framework is finished, meaning, that interested parties wanting to submit a proposal to The DAO Token holders have now a guideline to do so.
Christoph Jentzsch, the talented coder and founder of the German startup Slock.it, unveiled today the Proposal Framework v1.0, a guideline that seeks to solve the governance and security vulnerabilities on The DAO smart contract code.
Stephan Tual, Slock.it COO and spokesperson, said: It does so elegantly without requiring an immediate to update the DAO, by establishing a simple coding standard to be adopted by all Proposals before they are whitelisted by the Curator . Recently, The DAO curators held a meeting to discuss several flaws found in the DAO code and the possible attack vectors. Last week Alex van de Sande said: We talked at length about all the attack vectors and how bad they really were. The paper discusses many, but I believe my biggest fear was the fact that there are many disincentives for voting against a proposal. The developers concluded that the DAO contract code needed an update, however, this approach was going to take some time, so as an alternative it was decided to build a Proposal Framework, that has now been realized in the form of Solidity Code .
Explanations on the decided guidelines for the Proposal framework can be found on this link , but in general, the idea is to minimize the flaws and attack vectors discovered by the group of researchers .
Christoph Jentzsch said that this framework solves the most urgent flaw of The DAO, the affirmative bias, and the disincentive to vote no, the developer said: This pre-vote solves the yes bias as ‘no’ voters can safely split in the case the pre-vote was successful. This also mitigates […]
