• Vitalik Buterin has highlighted the vulnerabilities in emerging DAO protocols.
• Buterin says Futarchy’s governance layer is bribeable.
• The current trend highlights Buterin’s initial concerns about coin voting protocols.

Ethereum co-founder Vitalik Buterin has voiced concerns about vulnerabilities in some new solutions in the Decentralized Autonomous Organization (DAO) space. Using Futarchy as an example, Buterin pointed out a bribeable layer for the utility function. He also stressed the need to design strong governance systems for such protocols.

In his tweet, Buterin referenced a 2021 article where he discussed the potential for hackers to exploit these vulnerabilities and subvert the system. He believes that this is the basis of the vulnerability of coin voting, which combines economic interest and the right to participate in governance. Buterin further explained that such systems aim to align power and responsibility, however, it is easy to separate the two.

Related: Buterin Explores Plutocracy Risks in Token-Based Governance

The new trend of emerging decentralized governance mode…

The post Vitalik Buterin Warns of DAO Vulnerabilities, Questions ‘Renting’ Votes appeared first on Coin Edition.

• Vitalik Buterin has highlighted the vulnerabilities in emerging DAO protocols.
• Buterin says Futarchy’s governance layer is bribeable.
• The current trend highlights Buterin’s initial concerns about coin voting protocols.

Ethereum co-founder Vitalik Buterin has voiced concerns about vulnerabilities in some new solutions in the Decentralized Autonomous Organization (DAO) space. Using Futarchy as an example, Buterin pointed out a bribeable layer for the utility function. He also stressed the need to design strong governance systems for such protocols.

In his tweet, Buterin referenced a 2021 article where he discussed the potential for hackers to exploit these vulnerabilities and subvert the system. He believes that this is the basis of the vulnerability of coin voting, which combines economic interest and the right to participate in governance. Buterin further explained that such systems aim to align power and responsibility, however, it is easy to separate the two.

Related: Buterin Explores Plutocracy Risks in Token-Based Governance

The new trend of emerging decentralized governance mode…

The post Vitalik Buterin Warns of DAO Vulnerabilities, Questions ‘Renting’ Votes appeared first on Coin Edition.