What is DAOStack?
DAO stand for Decentralized Autonomous Organizations.
DAOStack is mainly operating system atop of which Dapps can be built on. DAOStack is readily to shake up the blockchain and governance entire various systems that are traditionally organized and trend by a centralized authority or a class of individuals.
DAO will make it easy by allowing users to put their protocols onto the blockchain technology and using a formidable smart contracts to vote on decision s that will impact the users.
DAO is working hard to take over the blockchain and make the technology to be easy access to you and me.
The acronym DAO before the stack stands for "Decentralized autonomous organization". The DAO was brought into realisation through the invention of blockchain which makes available open and programmable accounting systems. With the internet at a hand stretch of most populate , information dissemination is now far more easier than ever . DAOstack is an operating system for DAOs. Many creators have worked over the years to create decentralized apps but little have been achieved so far. DAOstack on the other hand looks forward to bringing brains together to work towards making DApps a "nutch" for top organization, while the ownership is handled by those who contributed values so that tgey can stand a chance to match with the likes of youtube and co. DAOstack is the bed rock to male this happen. DAOstack is powered bt ethereum.
DAO;
Rather than an organization being controlled by a single entity or a centralized government who makes the rules, has all the veto power which means they can change or bend the rules and determine how they are applied. DAO is just the opposite. The DAO though is an agency on its own isn't controlled by a single system. They follow verifiable rules that cannot be altered or tampered at any point or as the case may be, if the rule is to be bent or changed, that'll be done in accordance with the already established/existing rules
THE ADVANTAGE OF DAO OVER TRADITIONAL ORGANIZATIONS
A traditional organization have a leader and various layers of subordinates. The advantage DAO has over a traditional organization is that even though both have the similar layers of subordinates , the DAO doesn't have a leader but traditional organization does. In a traditional organization, power flows vertically ; meaning a hierarchical system but DAO doesn't have this as power is being shared according to the merits of the operators.
DAO TOPOLOGY:
DAO can be in different form depending on the system the organization wishes to adopt but the most common one is the DAOs large assembly mode.
The large assembly mode;
Under this mode, decision making power is fairly distributed as significant number of agents interact within a single agency through DAOs smart contract. It is so far the simplest mode.
PROMOTING INCORRUPTIBILITY USING MERIOCRACTIC VETO POWER:
When decision is to be made within ,it is done through voting whereby the majority vote's decision is followed, not necessarily the absolute majority but a relative one. The relative majority votes os thereby enforced opposing the system of a single head making the decision. There is the problem of absolute majority i.e a vote of 10 to 2 or 20 to 5 compared to a vote of 5 to 3 or 10 to 7.
To solve this problem, previous systems of governance introduced a quorum-The minimal amount of voting power that needs to be engaged in a decision to make it legitimate for approval.
DAOstack use case:
There are many organizations out there who feed in the sweat of others. One essential characteristic that differentiate DAOs from other organizations is its incorruptibility.
As an example, "the grammy awards". A musical awards in which awards are given to distinctive musicians according to their performance over the course of a year. In this organization, there are corrupt officials who rig votes and help rank musics that are not even worth being ranked using their influence on the industry .
To cull this, various things can be rearranged which would ensure that the award is done based on the vote casted by the public and not being tampered with by and influential in the industry. To solve this , the organization can be run as a DAO.
Decentralized Autonomous Organizations innovational tool to future technology
mnine3 (44) in crypto • 19 minutes ago
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The acronym DAO before the stack stands for "Decentralized autonomous organization". The DAO was brought into realisation through the invention of blockchain which makes available open and programmable accounting systems. With the internet at a hand stretch of most populate , information dissemination is now far more easier than ever . DAOstack is an operating system for DAOs. Many creators have worked over the years to create decentralized apps but little have been achieved so far. DAOstack on the other hand looks forward to bringing brains together to work towards making DApps a "nutch" for top organization, while the ownership is handled by those who contributed values so that tgey can stand a chance to match with the likes of youtube and co. DAOstack is the bed rock to male this happen. DAOstack is powered bt ethereum.
DAO;
Rather than an organization being controlled by a single entity or a centralized government who makes the rules, has all the veto power which means they can change or bend the rules and determine how they are applied. DAO is just the opposite. The DAO though is an agency on its own isn't controlled by a single system. They follow verifiable rules that cannot be altered or tampered at any point or as the case may be, if the rule is to be bent or changed, that'll be done in accordance with the already established/existing rules
DAOStack is mainly operating system atop of which Dapps can be built on. DAOStack is readily to shake up the blockchain and governance entire various systems that are traditionally organized and trend by a centralized authority or a class of individuals.
DAO will make it easy by allowing users to put their protocols onto the blockchain technology and using a formidable smart contracts to vote on decision s that will impact the users.
DAO is working hard to take over the blockchain and make the technology to be easy access to you and me.
Decentralized Autonomous Organizations
DAOs are blockchain administer designs that enable a orderly governance without central that create inefficiencies in typical organization.
Blochchain has been able to rise so quickly due to its decentralized foundation. It can be the same for corporations and other types of organization.
DAOs are programmed with predefined parameters just like any other application. This implies that DAO can have pre-programmed processes that will enable it to evolve, such as predefined voting conditions to optimize it's own functioning while growing and evolving along with the organization.
THE ADVANTAGE OF DAO OVER TRADITIONAL ORGANIZATIONS
A traditional organization have a leader and various layers of subordinates. The advantage DAO has over a traditional organization is that even though both have the similar layers of subordinates , the DAO doesn't have a leader but traditional organization does. In a traditional organization, power flows vertically ; meaning a hierarchical system but DAO doesn't have this as power is being shared according to the merits of the operators.
DAO TOPOLOGY:
DAO can be in different form depending on the system the organization wishes to adopt but the most common one is the DAOs large assembly mode.
The large assembly mode;
Under this mode, decision making power is fairly distributed as significant number of agents interact within a single agency through DAOs smart contract. It is so far the simplest mode.
To solve this problem, previous systems of governance introduced a quorum-The minimal amount of voting power that needs to be engaged in a decision to make it legitimate for approval.
DAOstack use case:
There are many organizations out there who feed in the sweat of others. One essential characteristic that differentiate DAOs from other organizations is its incorruptibility.
As an example, "the grammy awards". A musical awards in which awards are given to distinctive musicians according to their performance over the course of a year. In this organization, there are corrupt officials who rig votes and help rank musics that are not even worth being ranked using their influence on the industry .
To cull this, various things can be rearranged which would ensure that the award is done based on the vote casted by the public and not being tampered with by and influential in the industry. To solve this , the organization can be run as a DAO.
More Information & Resources:
DAOstack Website
DAOstack Summary
DAOstack WhitePaper
DAOstack Telegram
DAOstack Twitter
DAOstack Reddit
DAOstack Newsletter
DAOstack Github
DAOstack Medium
DAOstack YouTube
DAOstack Token Sale FAQ
https://steemit.com/crypto/@originalworks/370-steem-60-bonuses-sponsored-writing-contest-daostack
https://steemit.com/crypto/@jaybhe/daostack-moving-decentralized-organizations-to-greater-hights
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