Aragon Project (ANT Token) dApp Officially Goes Live On Ethereum Mainnet
The open source project, Aragon, which is under the Aragon Foundation, went live on the mainnet after the O.6 update. The project is running on the aragonOS V 4. The company revealed this in a blog post on October 30, 2018.
Decentralized organizations just got real, Aragon 0.6 is now live on Mainnet!
— Aragon (@AragonProject) October 30, 2018
This update was made just after the company released Aragon 0.5 seven months ago. Aragon is a decentralized autonomous organization that offers neutral jurisdiction to those who wish to create their organization using blockchain technology.
Since Aragon 0.5 was released in 2017, there have been more than 2500 organizations created. In all versions of Aragon, there have been over 15,000 organizations created. Despite the many organizations created, all of them were still on the testnet. Thus, they had no real-world use.
Aragon 0.6 or Alba will make it possible to create organizations on the mainnet of Ethereum. This new update will make it possible to create a new breed of organizations.
Details Of The Update
According to the blog post made by the company, the framework that powers all organizations on Aragon; aragonOS is now in V4. The smart contracts have been audited several times and they will be launched soon.
In the last six months, the organizations have been on the mainnet and DAppNode has been powered by aragonPM during that time, which is a DAO. While tests reveal that there are no major bugs in the system, the company will run a bug bounty on the mainnet. This will help eliminate any unforeseen risks.
The practical implication for users is that the company upgraded its building blocks. For instance, things such as voting, finance, token manager, and many others have received a fine-tuning to ensure that the user experience improves a great deal.
The Most Important Upgrade
A significant part of the updates is the permissions. Aragon decided to add permissions since they are a powerful tool for customization. They make it possible to control who can gain access to various resources in the organization and how they can use them. With permissions, it is possible to implement a unique governance process for each organization.
The voting system has also been overhauled. It is now a card-based interface, which makes it possible for users to see all the votes with just one click. This is supposed to encourage more engagement within the community, according to the company.
The company says that aragonOS 4 is the most stable and secure method for developing smart contracts. However, it is worth noting that it is untested. Hackers may take advantage of a flaw they missed to steal funds. Thus, Aragon has warned people not to place huge amounts of money in the Aragon 6.0.
They are encouraging people to wait for the bounty program to yield results. This way, they can confirm that there is no risk to anyone. However, they have done extensive audits and are sure there are no bugs. If it becomes necessary, one may deposit huge amounts of funds and hope there is no leak.