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.  

The Rise of DAOs

19 Jul 2021 3 minute read 4 comments paragism

“Once we wrapped the globe in endless circles of wires crossing the deserts and beneath the oceans, decentralization was not only possible, but inevitable.” - Kevin Kelly Bitcoin was the first decentralized P2P currency. The technology of Bitcoin a...

Could Blockchain enable constant, wireless charging for all?

13 Jul 2021 1 minute read 0 comments Paul Straker

"The recent advancements in blockchain technology and the energy markets are all converging...creating a major disruptive technology advancement." The combination of a DAO (Decentralised Autonomous Organisation) called rLoop, a blockchain/crypto-cu...

What is Flarnchain

10 Jul 2021 1 minute read 0 comments flarnrules

I have a question for myself: What is Flarnchain? I don't really have a concrete answer, but I do believe it lies somewhere in me gaining a better understanding of blockchain technology, distributed ledger systems, and truly grasping the concept of...

Two Winners in This Crypto Dove Market — DAOs and Games

8 Jul 2021 4 minute read 7 comments AlucardLife

I'm watching the crypto market as a whole run the range lows (approx. $30k) again, wiping out all of the gains from the earlier part of the week. We've been through this like 6 times now since the 60% BTC drop from its $64k high. If you've been follo...

Harvest Finance: RIP to Lift Kitchen and the 3000%+ APY Yield as Farm Goes Bust

7 Jul 2021 3 minute read 8 comments Cje95

There is a reason everyone in the crypto realm tells you to do your own research and Lift Kitchen or LIFT DAO is a prime example of this! In my previous posts I had written about how their APY on Harvest was above 2,000% or 3,000%+ and when it first...

Breaking Down Why You Crypto Regulation Junkies are Drunk Retarded Slaves

1 Jul 2021 10 minute read 5 comments AlucardLife

I have a hard time understanding how anyone in crypto could be pro-outside regulation from the corrupt centralized bodies that made crypto necessary in the first place. I have an equally hard time understanding why even the folks who get smart contra...

The Paradigm shift of the GIG economy: The Case for the blockchain Technology( series I)

29 Jun 2021 3 minute read 0 comments Michael Olanipekun

The Paradigm shift of the GIG economy: The Case for the blockchain Technology( series I) “The gig economy is based on flexible, temporary, or freelance jobs, often involving con...

AMA #3 DAO1 Meets the YFDAI Community

27 Jun 2021 17 minute read 0 comments coincruncher

In the latest of a series of AMAs, the DAO1 team interacted with the YFDAI community on their Telegram Channel. With YFDAI’s COO Simon Bogdanowicz leading the session, Leo Georgievic (Crypto Chronic), Adrian Niculescu, and Francesco Dell’Agata fielde...

AMA #2: DAO1 Features on CRYPTO EAGLES Community

26 Jun 2021 18 minute read 2 comments coincruncher

As DAO1 continues reaching out the broader crypto community, the DAO1 team recently conducted another AMA on May 2, 2021, interacting with the members of Crypto Eagles community. The second among many to come, team members Francesco Dell’Agata, Leo G...

AMA #1: DAO1 on BOSS Community

25 Jun 2021 11 minute read 0 comments coincruncher

DAO1 is a community-led socio-economic blockchain infrastructure project that encourages innovation and promotes financial independence through a suite of specialized products and services. As we ensure transparency in our operations from early on th...