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.  

First Look: Building the DAO

28 May 2020 1 minute read 0 comments PhoenixDAO (PHNX)

Building the DAO The first item on the PhoenixDAO 2020 road-map is the development of the DAO user interface. This will be the dashboard where PHNX holders can login to view and interact with anything and everything in the DAO ecosystem including:  ...

Ethereum Vs Ethereum Classic: The Differences You Need To Know Before Investing

28 May 2020 3 minute read 1 comment PassionCryptodotcom

What are Ethereum ( ETH ) and Ethereum Classic ( ETC )? Ethereum is an open source public software platform designed to support smart contract functionality. The network uses Ether ( ETH ) as the currency to process transactions and provide computing...

Why it’s important for ETH holders to know the DAO story

10 May 2020 2 minute read 8 comments Pot Project

Why it’s important for ETH holders to know the DAO story  The DAO was one of the first events of great importance relevant to the Blockchain Ethereum technology and lead to the fork of the Blockchain Ethereum. First of all it must be said that The DA...

What is a decentralized autonomous organization (DAO)?

3 May 2020 1 minute read 3 comments Jumble

A decentralized autonomous organization (DAO) is an organization that operates by rules encoded in smart contracts and put on the blockchain. A DAO is decentralized because it is an online community. A DAO is an autonomous organization because: the...

Bible spam update: Payouts are now being declined

21 Apr 2020 1 minute read 0 comments Solominer

I wrote a post last week talking about how the bible spam is being monetized on Hive. One of the bible spam accounts was upvoting each other giving around .25c per comment, dozens of times a day. Well since mentioning this user, I got a reply back....

aelf DAO Management System Draft officially released

20 Apr 2020 4 minute read 12 comments Mappo

  The aelf foundation has released the aelf DAO Management System Draft within the saelf governed community on April 17, 2020. A new decentralized autonomous organization (DAO) will be established to stimulate community initiative and empower c...

MakerDAO founder: the foundation will be disbanded in two years and a preliminary draft of the governance transfer plan will be released next week

14 Apr 2020 2 minute read 0 comments Blockchain_TopBuzz

MakerDAO founder: the foundation will be disbanded in two years and a preliminary draft of the governance transfer plan will be released next week   BlockBeats news, the Maker Foundation has revealed that it plans to begin handing over governance to...

We the People: Can constitutions unify blockchain communities?

20 Mar 2020 9 minute read 1 comment Ledgerback

  The Solidarity Project: Constitutions and other Enabling Documents Photo by Anthony Garand on Unsplash In this article, we examine the purpose of a constitution and examine EOS and Decred, two blockchain projects with their own constitu...

Aragon Court - A New Way For People To Earn $$$ (Crypto) Online

18 Mar 2020 7 minute read 13 comments kevW!ls0n

For many people, making money online would be an absolute dream come true.  For real, if you could just find a way to make money online you could potentially quit your job, you could focus on your passions, spend more time with family, travel the wor...

Is Aragon (ANT) a Good Investment? In-depth Analysis and Near to Longer-Term Expectations

12 Mar 2020 9 minute read 3 comments CryptoBoomer

Cryptocurrency investing is no easy feat, there’s no question about that. There are thousands of cryptos out there and while many of them are not worth investing in, some of them are very promising and could potentially lead to life-changing gains. ...