What is DAO?
DAO is a decentralized autonomous organization in which we can see the most complex forms of intellectual contracts in which rules issued by local authorities or decentralized organizations are embedded in intelligent contract codes, with complex token management rules.
DAO is an organization governed by rules and encoded in Intelligent Contracts and serves on chain blocks. DAO is an online platform community whose resources are organized according to the rules agreed upon and set out in the code.
Smart contract: this is an independent contract with terms of agreement between the buyer and the seller.
Decentralized organizations work through signaling systems that distribute feedback as a means of targeting individuals to groups.
Decentralized organizations have created an infrastructure of activities through local interaction between members and signaling systems designed to create self-regulatory systems.
How does DAO work?
DAO is an open source software that can modify the consensus of the participants. Now they are made possible by the development of Ethereum. Ethereum is a public block chain that acts as a distributed virtual machine for peer-to-peer contracts.
As already mentioned, DAO is a rule-managed organization and encoded in Intelligent Contracts and serves on chain blocks. There are many ways to work DAO, such as transaction tokens, stand-alone, consensus, contractor, proposal, voting.
Signs of transactions: DAO requires a somewhat vulnerable internal process, and can use this process to reward certain actions. DAO does not have a hierarchical structure, neither leaders, nor leadership.
Autonomy: the use of beings independent of their creators and not dependent on external forces. With this method, they will exclude third party participation in financial transactions.
Consensus: In the DAO section on fund transfers, most stakeholders must agree on a solution. If errors are found in the code, they can not be corrected until the voting procedure is performed.
Contractor: DAO can not create products, write code, or develop equipment. To achieve their goals, a contractor is required. The contractor is appointed by selecting the token holder.
Suggestions: The most important way to make decisions in DAO is advice.
Vote: After the proposal is submitted, voting will be held. DAO allows people to trade economic benefits with anyone in the world, for example, investing, raising money, lending, borrowing, without the help of intermediaries, just trusting the code.
How DAO is used?
DAO is made with an output door, known as a division function. This feature allows users to undo the process and return the broadcast they send to DAO. If someone separates from DAO, they will create their own DAO child and approve their offer to send the broadcast to the address within 28 days.
With this, there are problems with security, and large companies ask for a moratorium. Members of the Ethereum community noted that funds were evacuated from DAO, and all Smart ETH contract balances fell. Within the first few hours, the hacker emptied 3.6 million ether. Attacks detected by exploit occur as a solving function.
Then the attackers issued Eter several times from the DAO Smart contract, using the same DAO tokens that were made possible due to the use of recursive calls. A recursive withdrawal operation means that the hacker can perform a separate function that allows an attacker to collect multiple times using a single transaction.
What is DAO Stack:
- DAO Stack is a complete platform for teams to organize all shared goals. The first goal of developing DAO Stack is not to create a particular protocol or application, but to create a simple, functioning system.
- With DAO Stack, we can choose the best template for the management model and immediately apply it with the DAO Stack Technology layer, just as the world will work in the future. With the help of DAO Stack, you can create interests and benefits for individuals and interests for the benefit of the team.
The first component of DAO Stack is a decentralized, simple, reliable and measurable voting system.
The management system, in essence, a state transition system that collects resources from agents and, according to some rules, solves the state of the next chain. Agents can enter DAO precisely 4 different actions: they submit proposals, vote yes or no, send ETH to stocks and send back markers of funds to get their DAO shares back from DAO.
DAOstack is one of the companies dealing with this issue for companies dealing with crypto currencies.
I wonder how DAOstack plans to achieve what he claims? Read together to find out about destinations and other details.
To start with a very simple, DAOstack is solely based on helping companies manage resources, making informed decisions using specialized tools and other software products.
Here are some reasons that can justify choosing DAOstack for your needs;
- Putting the blockade in a decentralized way helps avoid shortcomings in the execution of decisions.
- Have a good incentive to expand cooperation.
- Based on the Eterheim Ecosystem.
DAO is a set of tools that help achieve company goals. An ecosystem where DAOstack-based allows you to interact between multiple DAOs to improve collaboration. People can interact with DAO by making transactions with blocking hooks, or depending on the front of the blockchain ecosystem.
Arc is a model in which the agency network administration interacts between them. This structure is built in such a way that it is flexible and can be bent to meet the needs of users.
The main division, the managing agent, is a contract with the controller. He sends commands to the printer token, wallet. He is also responsible for improving the technical architecture and management system based on the company's operations.
Information about token
- Token GEN
- Price 1 GEN = 1 USD
- Ethereum Platform
- Receive ETH
- Soft cap 5,000,000 USD
- Hard cap 30,000,000 USD
- Lift $ 8,000,000
- Country of Gibraltar
- Whitelist / KYC None
For projects with 40 million tokens given to customers, 100 million GEN tokens will be created.
Token sales begins May 8, 2018. Early token sales begin May 1, 2018. The funds will be used to develop and promote the platform. This team is defined and has experience in creating meaningful products for users.
TEAM
CONCLUSION
The ability to work together for benefits is not common among other species. People believe in people's choices, and this structure has created many forms of solutions in our world. However, there are many centralized institutions and organizations, and the decision-making power is limited to a few people. The loss of centralization is evident in history and in today's political and economic terms. The task of individual solutions can be overcome in groups.
There are several opportunities for error and more opportunities for better people to make joint decisions. The future of technology is redefined by decentralization. Decentralized app development will give people new directions. What do you think of the future of a decentralized app? Is this a suitable platform to provide all the tools necessary to develop a decentralized application?
Decision:
DAO Stack - the use of Skeleton Arcs combined with Alchemy DAPP and archives effectively alter the DAO manufacturing, operation and control processes, allowing more parties to create DAOs, which anyone can operate.
The DAO stack efficiently uses GEN markers. Signs play a role in the ecosystem, which increases their demand and value as the platform grows. The beauty of the product is that the public should not accept the system, but the group of developers or members of the group.
In my opinion, DAO Stack can unite all people to collect decisions and actions of collective individuals in common goals, wisdom, ability, and keep these things in one place to bring them into harmony. The DAO collection can bring the power of cooperation to people, enabling us to collaborate on one platform using blockchain technology and make DAO a reality.
For more information and social networking of Daostack, please follow the following sources:
WEB SITE: https://daostack.io/
YOUTUBE: https://youtube.com/c/daostack
TWITTER: https: // twitter.com/daostack
TELEGRAM: https://t.me/DAOstackChannel
Author (Arumi.Bilqis)
Bitcointalk Profile : https://bitcointalk.org/index.php?action=profile;u=965668
ETH Address : 0x78A118ED0556B119ccafe86089a292A048234E79
Tidak ada komentar:
Posting Komentar