Decentralized Autonomous Organizations
- A Decentralized Autonomous Organization is a mechanism that enables online communities to form and coordinate economically.
- They let an online group pool capital and use smart contracts to automate parts of its voting, permissions, and treasury operations.
- Smart contracts do not replace the whole organization. DAOs still depend on human governance and face low participation, concentrated token voting, difficult-to-repair code, and legal ambiguity.
Resources
- A beginner’s guide to DAOs.
- Everything you need to know about DAOs.
- The Handbook of Handbooks for Decentralized Organizing.
- Resources For Decentralized Organizing. Also summarized in slides.