DAO

August 23 2016, Ethereum is trading in a narrow range, and Poloniex moves to delist DAO from trading by September 5th.

As of 12:00pm GMT yesterday, a majority of Ethereum Network miners agreed to fork the Ethereum blockchain in order to refund Ether that was hacked from the DAO (Decentralized Autonomous Organization). Now the Ethereum community must choose their DAO (“a way” in Chinese) with which coin they will support.

A month since The DAO exploit, the Ethereum Foundation proposes a hard fork to the Ethereum software that refunds the lost Ether. The decision process of whether to accept or reject the hard fork that is being presented begins on block number 1,920,000 which is at approximately July 20, 12:00pm GMT.  

Among the many speculated areas where the Blockchain can be implemented, applying it to real estate transactions is one of the most recent achievements as Ubitquity records its first property ownership transfer on the Blockchain public ledger.