Parity Confirmed the Move to the DAO Model
Representatives of Parity Technologies want to move the subsequent servicing of their Ethereum client to a decentralized autonomous organization (DAO) model. According to the developers, currently, they can`t afford to serve the main Ethererum network. “We find it increasingly difficult to explain to our stakeholders why it makes sense to dedicate our expertise to maintaining legacy technology”, the company stated. Thus it was decided that the program base of the project will be placed at the disposal of the DAO. After that, the brainchild of Parity Technologies will be called OpenEthereum. The nuances of this process will depend on the community of such projects as Gnosis, Ethereum Foundation, ETC Labs, and POA Network.