Decentralized Autonomous Organization (DAO) - News, Opinion & Analysis

Decentralized Autonomous Organization (DAO)

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Decentralized Autonomous Organization (DAOs) are large scale organizations that have no central authority or government. Rather, the body is controlled democratically by its shareholders through smart contracts and decisions are recorded on the blockchain. The most well-known of DAO’s is the DAO that formed on the Ethereum blockchain, and which was subsequently hacked, resulting in a loss of $50 million. 

A term that grew in popularity with the advent of blockchain networks, decentralized organizations do not have the typical structure of a corporate organization i.e. something that is pyramidal. In the DAO’s case, governance is chiefly conducted with the help of smart contracts. Besides bringing the benefits associated with decentralization - transparency, immutability, security etc. - DAOs are also cost effective and, through token economics, good at incentivizing users to participate. 

Several DAOs have already been formed, including projects themselves, such as Aragon, BitShares, Dash and Digix. The governance mechanisms on such platforms allow users to propose changes and vote on such changes. 

Given that that there is no one power controlling the network, and that decentralized networks belong to no nation state, there has been some discussion on the legal status of DAOs. It continues to stir debate.  


PhoenixDAO — A Complete Guide for the DAO

15 hours ago 5 minute read 0 comments PhoenixDAO (PHNX)

Date: 21.01.2021 / Version: 1.0.1 (beta testing) Hello Everyone, We’re moving to a point that we dreamed of back at the launch of PhoenixDAO, whilst we are developing V.2.0 of the PHNX Spot Staking platform and working on the integration of Numio te...

Understanding BadgerDAO and $DIGG

24 Jan 2021 5 minute read 6 comments PVMihalache

Understanding Badger DAO Badger DAO is an ecosystem where projects and crypto-enthusiasts in the DeFi world can create partnerships and build the much needed products and platforms required for DeFi to thrive. The shared ownership in the DAO will all...

SpiderDAO: A New Reality of User End Privacy

20 Jan 2021 6 minute read 0 comments Sal Miah

SpiderDAO (SPDR) is among the latest innovations leveraging blockchain technology to further decentralization. The established platform centres its services on internet privacy, innovative governance, and bandwidth monetization. Its existence in the...

What is Mintable V2?

18 Jan 2021 4 minute read 0 comments CarlKid

Introduction Hello again! Welcome, All! Today let us talk about Mintable V2. Mintable is another NFT store where you can mint, buy, and sell NFTs but what makes it different? To put it simply Mintable is like Opensea but with one key difference. Min...

Aragon's CEO Resigns

13 Jan 2021 1 minute read 0 comments Abhimanyu Krishnan

Jorge Izquierdo has resigned from his position as Aragon One CEO, he announced via Twitter on Jan. 11. Izquierdo decision was a result of disagreements with respect to governance decisions made in the Aragon Association The former CEO will continue...

Why the Parler Takedown Could Kill Crypto

12 Jan 2021 3 minute read 11 comments AlucardLife

When I first heard about Parler getting the boot from Amazon Web Services (AWS) for hosting footage of the US Capitol insurrection, I didn't pay it too much attention. I don't give a crap about a bunch of hillbillies storming the US Capitol; the Capi...

DASH NEW YEAR'S GIFT TO ITS USERS (THE DASH EVONET)

30 Dec 2020 2 minute read 0 comments Ahanonu kingsely

  The past recent weeks has been filled with many magical and sensational moments in the crypto currency world,starting from the explosive rise in some of the major cryptocurrencies (Dash, Bitcoin, Ethereum, Litcoin, zecash,etc ) to the massive down...

The Decentralized Autonomous Organization

25 Dec 2020 4 minute read 4 comments AlucardLife

I don't know why it took me so long to realize that the Decentralized Autonomous Organization (DAO) is actually a sovereign country. That comes with a lot of responsibility, responsibility that I don't think most people are ready for. Freedom costs....

Joystream: A DAO app

20 Dec 2020 1 minute read 0 comments Ryyu008

Hello folks, the temperature is falling day by day, as we sit cocooned in blankets. Let's discuss in brief the new concept that Joystream brings to blockchain. From a brief opinion I got about this exciting new kid is that it is a platform which allo...

Project Catalyst - An Introduction and the Road Ahead

18 Dec 2020 4 minute read 0 comments Cryptotexty

When I heard about Project Catalyst for the first time at Cardano Virtual Summit in summer 2020, I knew that it would be something big. I was happy for the opportunity to join the Fund1 focus group, where participants helped to test the system includ...