The DAO (Decentralized Autonomous Organization) as we know it today was first proposed by Vitalik Buterin in the Ethereum whitepaper. A DAO is basically a loosely organized collective with a "flat" hierarchical structure. These seemingly spontaneous forms of organization emerge around a shared cause or mission. And compared to traditional organizations, a DAO does not necessarily require centralized command.
Links Mentioned
DAO and Web3 - www.coingecko.com/buzz/daos-c...
Article on DAO's governance - www.coingecko.com/buzz/dao-go...
Maker DAO - www.coingecko.com/en/coins/maker
Bankless DAO - www.coingecko.com/en/coins/ba...
Timestamps:
00:00 What is a DAO?
01:53 How is DAO created?
02:30 How do DAOs sign up members and fund activities?
04:04 How does DAO operate?
05:45 How do DAO decisions get implemented?
06:28 Challenges of DAOs
06:49 Challenge 1: Accessibility vs Accountability
08:19 Challenge 2: Decentralization vs Efficiency
09:30 Challenge 3: Openness vs Control
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#DAO #decentralized #governance #crypto #blockchain