(DAO)

Decentralized Autonomous Organization

Create image :- google

How do DAOs work?

Definition, Purpose, and Example

Create image :- google

DAO stands for decentralized autonomous organization, which is a fancy term for a group of people who agree to abide by certain rules for a common purpose

Learn More

What Is a DAO?

Arrow

Create image :- google

How Does a DAO Work?

Create image :- google

rules are written into its code in the form of smart contracts programmed to run when certain actions take place

Learn More

Arrow

Create image :- google

 DAO Work

Learn More

DAO code the smart contractthat will dictate the rules of the group and decide on the group’s purpose

Creating the smart contract:

1

Arrow

Create image :- google

Learn More

The DAO’s code is deployed onto the blockchain. From here on out, it can only be changed via collective voting by the stakeholders

Launch:

2

Arrow

Create image :- google

Learn More

DAOs run on their shared cache of currency, which has to be raised from its members

Raising funds:

3

Arrow

Create image :- google

Ethereum and DAOs

3

1

2

Token-based membership

Automatic transaction governance

Multisig governance

Create image :- google

Decentralization

Participation

Publicity

Benefits of DAOs

Community

Create image :- google