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.  

TradingBull's Guide to Bonding Curve Offerings (BCOs): The Efficient, Fair, and Reliable Funding Method

13 May 2021 5 minute read 0 comments TradingBull

The crypto ecosystem has brought countless innovations and disruptions to antiquated business models. The decentralized nature of blockchain has allowed new market participants to compete against incumbents in previously unexplored ways.  This has be...

What is the relationship between PYRO and FBIRD?

8 May 2021 2 minute read 0 comments atomio

So what was PYRO, what happened, and how does Firebird DAO avoid these issues? Launched on 01.05.2020, PYRO was an ERC-20 token designed with a hyper deflationary life model based on staking functionalities. The core concept revolved around the built...

About Busy Blockchain for e-commerce

5 May 2021 2 minute read 0 comments Actualdude

The Busy technology brings a comprehensive decentralized solution based on its blockchain, to which the Busy decentralized freelance platform will be connected. So the technology itself has two parts and in this article, I am going to write about the...

Bankless DAO - Fair Launch

5 May 2021 2 minute read 0 comments KZFlyer

Bankless DAO   The Fair Launch Fair Launches are the latest trend in Crypto. Instead of selling token to investors, they are often provided as staking rewards or an airdrop. While everyone was sharing Star Wars memes, the team behind the Bankless (ne...

1Hive: Introduction to Celeste

28 Apr 2021 3 minute read 0 comments Blazarius120

1Hive is proud to introduce you to Celeste, a Subjective Oracle protocol which is used for resolving disputes. Celeste is a fork of Aragon, built by the 1Hive community, with a few differences which help in protecting the users and the system as a w...

Regulatory Clarity is Here... and It's Bad

26 Apr 2021 2 minute read 6 comments AlucardLife

US citizens may now register their DAOs as LLCs in the state of Wyoming. Time to celebrate? Depending on your level of patriotism, you may or may not consider this a breakthrough. In and of itself, the nature of a DAO doesn't favor submission to a so...

Really Hidden Gem on Ethereum

24 Apr 2021 2 minute read 3 comments AlucardLife

The market is going to be red for a while. Face it. As I write this, bitcoin has broken below its $50k psych support and is likely heading to $42k. Alt season is on hold; BTC is going to drag everything else down with it. But in a sea of red, I've fo...

Wyoming Senate Passes New DAO LLC Bill!

23 Apr 2021 1 minute read 0 comments agr8buzz

It's important that DAO's be legally recognized under state law. The legislation recently passed by the Wyoming senate should help push things forward. The New DAO LLC Law Earlier this week the Wyoming senate passed a new bill that allows Decentrali...

Firebird DAO Lightpaper

22 Apr 2021 3 minute read 0 comments atomio

Firebird DAO (FBIRD) “Reborn by fire” Currently the financial world is transforming at a much faster pace that has never before been witnessed in history. This is all unfolding alongside the traditional financial markets failing. Around the globe, in...

Index Coop - DeFi Pulse, FLI and Governance

20 Apr 2021 3 minute read 4 comments PVMihalache

Index Coop I told you back in February that Index Coop is my latest discovery and the project shows innovation and stability. The community-led decentralized organization made a name by creating top crypto indices such as DeFi Pulse and FLI (Flexible...