RATE Group | The Future of Digix: Interview with COO Shaun Dije
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The Future of Digix: Interview with COO Shaun Dije

09 Feb The Future of Digix: Interview with COO Shaun Dije

Posted at 04:17h in Cryptocurrency News by

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Decentralized governance remains a challenging topic in the blockchain space. It’s fraught with dilemmas such as on-chain versus off-chain governance, or how to prevent collusion and curb plutocracies.

Crypto Briefing recently spoke with the COO and co-founder of Digix Shaun Dije to get a better understanding of some of these challenges. For the uninitiated, Digix recently shuttered its DAO project following a user vote.

The Rise and Fall of DigixDAO

The difficulties of managing a traditional business apply to decentralized autonomous organizations (DAOs) as much as they do to overall blockchain governance. Although DAOs aren’t yet mainstream, even in the niche blockchain space, they’re becoming more prevalent thanks to projects such as MakerDAO, MolochDAO, and Gitcoin.

The DigixDAO was one of the earliest to arrive on the scene, having successfully executed an ICO in 2016. 

The goal of the DAO was to encourage the growth of projects around Digix’s gold-backed DGX token, using…

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