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.  


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13 May 2021 5 minute read 0 comments TradingBull

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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...

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24 Apr 2021 2 minute read 3 comments AlucardLife

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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...

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20 Apr 2021 3 minute read 4 comments PVMihalache

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