Bitcoin developer Amir Taaki partners with DarkFi to create the first anonymous DAO, committed to absolute privacy of user information and operations.
Prominent Bitcoin developer Amir Taaki has announced the creation of the first fully anonymous The DAO , built with DarkFi, a provider of anonymity tools for online organizations. The initiative marks a new step forward in the Web3 space, while also sparking a debate about privacy and the practical applications of blockchain technology.
According to Taaki, the new DAO is designed to hide all information related to its activities and members, including transaction amounts, user identities, Token balances, proposers, votes, and treasury. The mechanism works by encrypting data into a random form, making it impossible to trace and link information. This is to prevent the concentration of power in a small group of Governance Token holders – a common problem in traditional DAOs.
We create the world's first and only fully anonymous on-chain DAO with Token-weighted voting.
— Amir Taaki (@Narodism) August 12, 2024
Everything about the DAO is anonymous. DAOs are meant to be political and subversive.
• The DAO cannot be seen on-chain. It's looks like random data.
• The Treasury is dark.… pic.twitter.com/9ENLsSCksy
Taaki asserts that a high level of anonymity is key to protecting Web3 users’ freedom from government control and interference. He believes that anonymous DAOs will be the optimal solution for organizations operating in environments that require high security, while also promoting the development of a decentralized autonomous organization model.
However, the crypto community has received this news with mixed opinions. Some experts are skeptical about the feasibility of a completely anonymous DAO model, arguing that this is just a theoretical idea that is difficult to apply in practice. However, they also admit that the new approach can open up new development opportunities for the DAO and Web3 fields.
