OpenDAO is popular across the network. Let's see what DAO is.

OpenDAO, an NFT airdrop project that gained popularity on the network this Christmas, kicked off community competition by standing naked with OpenSea traffic, and quickly lost ground, but SOS started the demonstration with a very strong head. .

Although SOS is forgotten, new approaches to DAO may have already taken the first step towards understanding.

So what is DAO? Let's see how he does it.

01What is a decentralized autonomous DAO?

DAO 是 Decentralized Autonomous Organization (Decentralized Autonomous Organization). In fact, bee colonies and ant colonies are still self-governing, divided organizations.

With the rise of Bitcoin and blockchain technology midway, distribution (e.g. decentralization) based on consensus and community independence has become an attractive option for participation.In this process, we must follow everyone's consensus.. So many people struggle to find the best way to get involved.

Decentralized Autonomous Organizations were first claimed by American author Ori Brafman in his book "Starfish and Spiders". It isThis book compares middle organizations to the spider and decentralized organizations to the starfish, and describes the differences between the two organizations.. In the book he writes:

Spiders are cell tissue and cannot survive if their head is cut off (all tissue). Starfish are made from the bones of each other's brain with no spaces, and any tent torn by starfish can turn into a starfish.

Starfish and spiders therefore represent decentralized and centralized organizations in the real world.

As the Starfish Association encountered problems and conflicts, it grew into a small organization that continued to operate, but the Spider Society did not continue to operate.

On the other hand, the operations of decentralized star-type agencies could be considerably stronger.

These illustrations will help you understand the concept and characteristics of a decentralized organization.As an autonomous decentralized organization, DAOs manage operations through smart contracts and encode transactions and blockchain code. ,Recognition of openness and justice, no human interference and independent work, but no law.

Early performance DAOs are generally considered to be Bitcoin. In 2016, the German launched "DAO", a DAO organization based on the Ethereum blockchain platform, raising around $ 150 million in Ethereum USD funding.

However, due to the uncertainty of smart contracts, money was exchanged by thieves, and the result of this incident not only ended "The Dao", but also introduced detailed "DAO" instructions -The security of DAOs is critical. Small lines can cause big drops..

02 ibWhat is used in real life?

What is the role of decentralized autonomous organizations in real life?

Avoid censorship in advance and make the most of your resources. Decentralized autonomous organizations keep all the details of an open, transparent and tamper-proof distributed storage space. Everyone in the company can review policies, policies and other company matters from time to time,Resources can be sent on time while working and without wasting time on inspections..

Second, it can avoid foreign employees and experience the new development of the enterprise. Line management always makes it difficult for companies to understand the ideas of key employees because it is difficult for managers to write down ideas. People working in independent companies can submit their ideas to the blockchain at any time and be seen by others, reducing unnecessary processes and implementing flat controls to record employee information or thoughts.Improve the interest and creativity of our staff.

Finally, it can improve the quality of your work and the reliability of your results. The nature of decentralization makes tedious life easier. For example, when making public decisions, decisions are usually made by voting in a fair and equitable manner.However, ballots and electronic ballots require a lot of energy and deception is difficult to avoid..

A ballot allows all voters to vote in a real and public way on the blockchain without people having to write their ballots to create timely and reliable election results.In the 2016 US presidential election, blockchain technology was adopted.

To date, DAOs have been used for investment, charity, fundraising, loan, or NFT buying purposes.

However, this integration has the downside that the housing structure is different and the operation is slow, and if there are differences in the community, there can be a lot of big divisions. .In general, the person with the most important character in the organization will have a higher speech, incompatible with the old ideas..

03Contents

Many DeFi now have DAOs and everyone decides their future direction by voting in their own hands. Going forward, it looks like it will become the next blockchain hotspot, transforming the organization of human engagement.

In 2020, the rise of unreliable DeFi sites made DAOs even more popular. There is still a lot of research and development, and we can't wait to see how it improves in the future.