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A community for the latest discussions about the cutting edge of crypto design, it's culture and significant crypto news. Decentralize everything. Check out our [Community Guidelines](https://relevant.community/crypto/post/6122269e61d1cd005a877277/62427d3ed587ad005b647828)
53711 Members
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© 2020 Relevant Protocols Inc.
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"Decentralized Autonomous Organizations, or DAOs, are digital entities running on a blockchain network, operating by a set of protocols. They are used for various purposes, including decentralized finance projects, prediction markets, and governance of decentralized networks; they have even been proposed to create self-governing communities. Commercially, companies such as MolochDAO (grant-giving), MakerDAO (digital currency stabilization), and Kyber Network (digital currency exchange) are all examples of DAOs that have successfully raised capital and gained a significant following in their respective blockchains. Despite having different objectives, all DAOs have rules encoded in their protocols that are often executed on the blockchain by an algorithm, and all of them bolster the promises of transparent, tamper-proof, and decentralized organizational management. But before delving into the specifics of DAOs, we should first mind a couple of questions: where does the allure and overshadowed essence of this technological novelty come from? Is it already declining in the process of being relegated to the museum of obsolescence? "
"Decentralized Autonomous Organizations, or DAOs, are digital entities running on a blockchain network, operating by a set of protocols. They are used for various purposes, including decentralized finance projects, prediction markets, and governance of decentralized networks; they have even been proposed to create self-governing communities. Commercially, companies such as MolochDAO (grant-giving), MakerDAO (digital currency stabilization), and Kyber Network (digital currency exchange) are all examples of DAOs that have successfully raised capital and gained a significant following in their respective blockchains. Despite having different objectives, all DAOs have rules encoded in their protocols that are often executed on the blockchain by an algorithm, and all of them bolster the promises of transparent, tamper-proof, and decentralized organizational management. But before delving into the specifics of DAOs, we should first mind a couple of questions: where does the allure and overshadowed essence of this technological novelty come from? Is it already declining in the process of being relegated to the museum of obsolescence? "
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