Decentralized Autonomous Organization

(DAO) Create image :- google

“

[{"selector":"#anim-fdeb6c17-8176-4e7d-a40f-4a47c150645b","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-7ec128cb-0093-4a2c-a8fc-b8413aba20ad","keyframes":{"transform":["translate3d(0px, 471.98479%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-7e80447b-7606-4dea-9892-f31bb10eebe0","keyframes":{"opacity":[0,1]},"delay":100,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-faffc959-b281-4e93-aab4-0770e60102e8","keyframes":{"transform":["translate3d(0px, 339.46365%, 0)","translate3d(0px, 0px, 0)"]},"delay":100,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a9338290-8fcb-43d5-a51f-b07d488e53de","keyframes":{"opacity":[0,1]},"delay":200,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ce9d8dce-e035-4a9a-a08d-e7a74b9b53db","keyframes":{"transform":["translate3d(0px, 1764.32965%, 0)","translate3d(0px, 0px, 0)"]},"delay":200,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] How do DAOs work? Definition, Purpose, and Example Create image :- google

[{"selector":"#anim-3c8cf6ed-c43c-4f52-a0e1-2a438929079a","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-da439e9d-04ab-46f2-8d95-63d6689ebcc9","keyframes":{"transform":["translate3d(0px, 698.05577%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d77d9289-49f1-4101-b70e-9db6bd1b8d63","keyframes":{"opacity":[0,1]},"delay":100,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ed862524-ad1f-4022-a84a-19fdd45fe968","keyframes":{"transform":["translate3d(0px, 304.23989%, 0)","translate3d(0px, 0px, 0)"]},"delay":100,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] 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?

[{"selector":"#anim-6bf1f052-2da8-4cf6-b918-f102389ac7a6","keyframes":[{"transform":"scale(1)","offset":0},{"transform":"scale(1.05)","offset":0.33},{"transform":"scale(0.995)","offset":0.66},{"transform":"scale(1)","offset":1}],"delay":150,"duration":2000,"easing":"ease-in-out","fill":"both","iterations":2}] [{"selector":"#anim-031ffddc-43a6-4d79-b83f-5d9709036722","keyframes":[{"transform":"scale(1)","offset":0},{"transform":"scale(1.05)","offset":0.33},{"transform":"scale(0.995)","offset":0.66},{"transform":"scale(1)","offset":1}],"delay":0,"duration":2000,"easing":"ease-in-out","fill":"both","iterations":2}] [{"selector":"#anim-d01156cd-cc73-4b40-a210-e97c8f27ecc6","keyframes":[{"transform":"scale(1)","offset":0},{"transform":"scale(1.05)","offset":0.33},{"transform":"scale(0.995)","offset":0.66},{"transform":"scale(1)","offset":1}],"delay":50,"duration":2000,"easing":"ease-in-out","fill":"both","iterations":2}] Circled Dot Circled Dot Circled Dot Create image :- google

DAO Work

[{"selector":"#anim-571763f1-076b-4609-8ba8-44c7cf8e8826","keyframes":{"opacity":[0,1]},"delay":200,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-0dfed494-5917-490f-9fc1-5cf5ffe0c5c7","keyframes":{"transform":["translate3d(-110.35504%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":200,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f2a95e0f-9424-47a0-a80a-17b78b3af5f6","keyframes":{"opacity":[0,1]},"delay":200,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-cb804545-8164-4f9f-b574-b7720071bb61","keyframes":{"transform":["translate3d(-119.04762%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":200,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] 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

[{"selector":"#anim-7602aa99-35ad-4586-b909-d02729a81807","keyframes":{"opacity":[0,1]},"delay":100,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-b66d3836-8f24-46c5-95a0-8ff35db09c72","keyframes":{"transform":["translate3d(-141.02564%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":100,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d7e1e401-ad15-4f17-bbe1-bbc989aef2ba","keyframes":{"opacity":[0,1]},"delay":100,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-71aba1ba-94d4-4ae0-89f8-ab7ecbe28d47","keyframes":{"transform":["translate3d(-140.87592%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":100,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-66191904-d499-4f4f-bdc6-19f796f4ec2b","keyframes":{"opacity":[0,1]},"delay":0,"duration":2200,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-8791d3a6-2336-49da-b79b-6960968318b8","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2200,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] 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

[{"selector":"#anim-dd1740fe-f4f4-40a8-b4b3-935c5f6372e6","keyframes":{"opacity":[0,1]},"delay":100,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-957ec886-1725-46f2-b4f3-4f02295d1e59","keyframes":{"transform":["translate3d(-140.87592%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":100,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-49b1ed5b-e2ae-473c-a8d4-be7041f2c651","keyframes":{"opacity":[0,1]},"delay":100,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-03455ee8-260a-4a5a-ac9e-143c15a67206","keyframes":{"transform":["translate3d(-231.76471%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":100,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-5e093729-7372-44d0-a4df-e16eefead493","keyframes":{"opacity":[0,1]},"delay":0,"duration":2200,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-2a0bbfc0-dd12-40ac-909d-4ce622756481","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2200,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] 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

[{"selector":"#anim-fe5d08ab-e9f9-4902-a5d1-5c040af46392","keyframes":{"opacity":[0,1]},"delay":100,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-0aa11502-ec00-496b-a701-c11df6749e9e","keyframes":{"transform":["translate3d(-140.87592%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":100,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-23684fce-c5a8-422a-8419-c488031dc52c","keyframes":{"opacity":[0,1]},"delay":100,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-74895c2a-6d2b-40d5-925e-557a69d0d125","keyframes":{"transform":["translate3d(-153.08058%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":100,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-0b1bca25-fc78-47b3-bdb4-80a5aa0f5159","keyframes":{"opacity":[0,1]},"delay":0,"duration":2200,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-f9ab05c2-522b-4bee-9ab3-4af6ee0ccb3d","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2200,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] 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

[{"selector":"#anim-0e544b3d-63b3-4dbe-9530-92e701e8bca9","keyframes":{"opacity":[0,1]},"delay":200,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f2c9c6f9-5ae5-4693-8f1f-18fc3ab6adb6","keyframes":{"transform":["translate3d(-153.09734%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":200,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d678f92f-3e8e-4935-9a05-08d488e6f299","keyframes":{"opacity":[0,1]},"delay":400,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-910f053c-805f-450c-a40a-34f41a09a3eb","keyframes":{"transform":["translate3d(195.30201%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":400,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-768603aa-c0b0-4b62-a051-735ce6ed3089","keyframes":{"opacity":[0,1]},"delay":600,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-9ad65b98-3c50-4735-8388-15fe1fcd96ba","keyframes":{"transform":["translate3d(-205.78513%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":600,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] 3 1 2 Token-based membership Automatic transaction governance Multisig governance Create image :- google

Benefits of DAOs

[{"selector":"#anim-5768e8d4-8827-40f3-81ab-0eceff57418d","keyframes":{"opacity":[0,1]},"delay":350,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-62bcec55-4a65-4965-b182-f306b3ba0d56","keyframes":{"transform":["translate3d(-200%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":350,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-6e8eec13-1586-407f-a0d6-ed1ae90d1e99","keyframes":{"opacity":[0,1]},"delay":200,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-80f5f687-434c-4911-bbcb-b74c5787502a","keyframes":{"transform":["translate3d(-130.55556%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":200,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f0cacabb-96ed-4807-83b7-d28df05eb17c","keyframes":{"opacity":[0,1]},"delay":500,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-bbfee899-7ac6-4f48-8f8f-729776a7b806","keyframes":{"transform":["translate3d(-130.55556%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":500,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-5c5a4f50-5ff9-474a-9ec6-b6a5e7b4f2b7","keyframes":{"opacity":[0,1]},"delay":645,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-70b1770f-5541-46a8-9137-18c8e02344da","keyframes":{"transform":["translate3d(-182.52428%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":645,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-472bd024-bbb4-4912-b0ce-82050d31335d","keyframes":{"opacity":[0,1]},"delay":800,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-b4ef2a33-2b24-48e9-9e95-4e7f16a66042","keyframes":{"transform":["translate3d(-130.55556%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":800,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-dff67f32-7479-4fb6-b39e-731c79fb2428","keyframes":{"opacity":[0,1]},"delay":950,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f206b97f-d7c8-4f2e-b5d5-fb437edbb0c5","keyframes":{"transform":["translate3d(-189.00525%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":950,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-18d58b4e-fe95-4aee-bfeb-6628c32d89a3","keyframes":{"opacity":[0,1]},"delay":1105,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f6aaabbb-67a5-47c1-baea-285508e29654","keyframes":{"transform":["translate3d(-130.55556%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":1105,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c2d26cfe-a5e0-474d-8e1f-e0e967d44007","keyframes":{"opacity":[0,1]},"delay":1250,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d1d03143-3485-4709-99e7-afa33f91c5fe","keyframes":{"transform":["translate3d(-188.48169%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":1250,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Decentralization Participation Publicity Community Create image :- google