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Decentralized Autonomous Organization
A decentralized autonomous organization (DAO), sometimes called a decentralized autonomous corporation (DAC), is an organization managed in whole or in part by decentralized computer programs, with voting and finances handled through a decentralized ledger technology like a blockchain. In particular, processes run by the decentralized programs must be central, enduring, and distinctive to the identity of the organization for the organization to be a DAO. In general terms, DAOs are member-owned communities without centralized leadership. The precise legal status of this type of business organization is unclear. A well-known example, intended for venture capital funding, was The DAO, which amassed 3.6 million ether (ETH)—Ethereum's native cryptocurrency—then worth more than US$70 million in May 2016, and was hacked and drained of in cryptocurrency weeks later. The hack was reversed in the following weeks, and the money restored, via a hard fork of the Ethereum blockchain. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dialects Of English
Dialects are linguistic varieties that may differ in pronunciation, vocabulary, spelling, and other aspects of grammar. For the classification of varieties of English in pronunciation only, see regional accents of English. Overview Dialects can be defined as "sub-forms of languages which are, in general, mutually comprehensible." English speakers from different countries and regions use a variety of different accents (systems of pronunciation) as well as various localized words and grammatical constructions. Many different dialects can be identified based on these factors. Dialects can be classified at broader or narrower levels: within a broad national or regional dialect, various more localised sub-dialects can be identified, and so on. The combination of differences in pronunciation and use of local words may make some English dialects almost unintelligible to speakers from other regions without any prior exposure. The major native dialects of English are often divided ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Peer-to-peer
Peer-to-peer (P2P) computing or networking is a distributed application architecture that partitions tasks or workloads between peers. Peers are equally privileged, equipotent participants in the network, forming a peer-to-peer network of Node (networking), nodes. In addition, a personal area network (PAN) is also in nature a type of Decentralized computing, decentralized peer-to-peer network typically between two devices. Peers make a portion of their resources, such as processing power, disk storage, or network bandwidth, directly available to other network participants, without the need for central coordination by servers or stable hosts. Peers are both suppliers and consumers of resources, in contrast to the traditional client–server model in which the consumption and supply of resources are divided. While P2P systems had previously been used in many application domains, the architecture was popularized by the Internet file sharing system Napster, originally released in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Julian Assange
Julian Paul Assange ( ; Hawkins; born 3 July 1971) is an Australian editor, publisher, and activist who founded WikiLeaks in 2006. He came to international attention in 2010 after WikiLeaks published a series of News leak, leaks from Chelsea Manning, a United States Army intelligence analyst: July 12, 2007, Baghdad airstrike, footage of a U.S. airstrike in Baghdad, U.S. military logs from the Afghan War documents leak, Afghanistan and Iraq War documents leak, Iraq wars, and United States diplomatic cables leak, U.S. diplomatic cables. Assange has won over two dozen awards for publishing and human rights activism. Assange was raised in various places around Australia until his family settled in Melbourne in his middle teens. He became involved in the Hacker culture, hacker community and was convicted for Security hacker, hacking in 1996. Following the establishment of WikiLeaks, Assange was its editor when it published the Bank Julius Baer v. WikiLeaks, Bank Julius Baer docu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
WikiLeaks
WikiLeaks () is a non-profit media organisation and publisher of leaked documents. It is funded by donations and media partnerships. It has published classified documents and other media provided by anonymous sources. It was founded in 2006 by Julian Assange. Kristinn Hrafnsson is its editor-in-chief. Its website states that it has released more than ten million documents and associated analyses. WikiLeaks' most recent publication of original documents was in 2019 and its most recent publication was in 2021. From November 2022, numerous documents on the organisation's website became inaccessible. In 2023, Assange said that WikiLeaks is no longer able to publish due to his imprisonment and the effect that US government surveillance and WikiLeaks' funding restrictions were having on potential whistleblowers. WikiLeaks has released List of material published by WikiLeaks, document caches and media that exposed serious violations of human rights and civil liberties by various gover ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pak (creator)
Pak, formerly known as Murat Pak, is a digital artist, cryptocurrency investor, and programmer. Pak is known for creating the curation platform Archillect, an internet bot which reshares media based on user interactions with content hosted on various social platforms and for launching a platform for burning (permanently removing from circulation) NFTs to receive tokens of the cryptocurrency Ash. Pak is best known for working with non-fungible tokens. Pak's highest-selling NFT, "Merge", generated $91.8 million in sales in December 2021 and is one of the most expensive non-fungible tokens. Pak's NFTs have been sold on platforms including Sotheby's, Nifty Gateway, MakersPlace, SuperRare, and Async Art. History The identity of Pak is unknown and some speculate that it may be a team. Pak is also credited for having introduced Beeple to NFTs in October 2020. Between February 2020 and April 2022, more than 180,300 NFTs by Pak were sold across the primary and secondary markets, rais ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Build Finance DAO
The Build Finance DAO was a decentralized autonomous organization (DAO), a venture based on blockchain technology. It was the subject of a 2022 hostile takeover by a member who amassed enough votes to pass a motion that allowed them to liquidate the DAO's cryptocurrency holdings and flood the market with new tokens. History Build Finance DAO was formed around September 2020. It was described as a "decentralized venture builder", designed around its BUILD token, that would fund new ventures. The ventures funded by the DAO would adopt the BUILD token, helping popularize it. As a DAO with token-based membership its decisions would be based on voting power. Takeover In February 2022 a user amassed enough tokens to take over control of the DAO. The user then made a governance proposal which would allow it to issue new new tokens, which initially failed but succeeded on the second attempt The success of the proposal left the other members of the Build Finance DAO without any contr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bailout
A bailout is the provision of financial help to a corporation or country which otherwise would be on the brink of bankruptcy. A bailout differs from the term ''bail-in'' (coined in 2010) under which the bondholders or depositors of global systemically important financial institutions (G-SIFIs) are forced to participate in the recapitalization process but taxpayers are not. Some governments also have the power to participate in the insolvency process; for instance, the U.S. government intervened in the General Motors bailout of 2009–2013. A bailout can, but does not necessarily, avoid an insolvency process. The term ''bailout'' is maritime in origin and describes the act of removing water from a sinking vessel using a bucket. Overview A bailout could be done for profit motives, such as when a new investor resurrects a floundering company by buying its shares at firesale prices, or for social objectives, such as when, hypothetically speaking, a wealthy philanthropist reinvent ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Crowdfunding
Crowdfunding is the practice of funding a project or venture by raising money from a large number of people, typically via the internet. Crowdfunding is a form of crowdsourcing and Alternative Finance, alternative finance, to fund projects "without standard financial intermediaries". Mollick, E. (2014). ''The dynamics of crowdfunding: An exploratory study.'' Journal of Business Venturing. Vol. 29, pp. 1–16. In 2015, over was raised worldwide by crowdfunding. Although similar concepts can also be executed through mail-order subscriptions, benefit events, and other methods, the term crowdfunding refers to internet-mediated registries. This modern crowdfunding model is generally based on three types of actors – the project initiator who proposes the idea or project to be funded, individuals or groups who support the idea, and a moderating organization (the "platform") that brings the parties together to launch the idea. The term crowdfunding was coined in 2006 by entrepreneur an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Security (finance)
A security is a tradable financial asset. The term commonly refers to any form of financial instrument, but its legal definition varies by jurisdiction. In some countries and languages people commonly use the term "security" to refer to any form of financial instrument, even though the underlying legal and regulatory regime may not have such a broad definition. In some jurisdictions the term specifically excludes financial instruments other than equity and fixed income instruments. In some jurisdictions it includes some instruments that are close to equities and fixed income, e.g., equity warrants. Securities may be represented by a certificate or, more typically, they may be "non-certificated", that is in electronic ( dematerialized) or " book entry only" form. Certificates may be ''bearer'', meaning they entitle the holder to rights under the security merely by holding the security, or ''registered'', meaning they entitle the holder to rights only if they appear on a securi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Decentralized Finance
Decentralized finance (often stylized as DeFi) provides financial instruments and services through smart contracts on a programmable, permissionless blockchain. This approach reduces the need for intermediaries such as brokerages, exchanges, or banks. DeFi platforms enable users to lend or borrow funds, speculate on asset price movements using derivatives, trade cryptocurrencies, insure against risks, and earn interest in savings-like accounts. The DeFi ecosystem is built on a layered architecture and highly composable building blocks. While some applications offer high interest rates, they carry high risks. Coding errors and hacks are a common challenge in DeFi. DeFi protocols exhibit varying degrees of decentralization, with truly decentralized protocols potentially acting as neutral infrastructure, while false decentralization leaves protocols open to manipulation and fraud or to being regulated as financial intermediaries. History Decentralized exchanges (abbreviated DEXs ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
