What is Decentralized Autonomous System (DAO)

uzairahmed (59)in #contest • 6 years ago

Decentralised Autonomous System (DAO)

DAO is the decentralised autonomous system which has been made for the creations of decentralised apps. In other words, DAO is the system which allows the developers to implement block chain in the business or system which is operated by any centralised authority or any group. Just like block chain, it is also has decentralised functions so it can be spread out quickly with its comfort level. It has a lot of predefined functions i.e voting conditions by the help of which it can be evolved easily while working with any organization. DAO has a lot of advantages over other companies.

DAO STACK TOOLS:

These tools have been made to easily make and implement decentralised autonomous system which contains different frameworks and layers.

ALCHEMY: For any creation of Dapps or any other system developer needs the user interface for designing any app. Alchemy works as a user interface in DAO stacks.
ARC.JS: For any developing system API is very important because it help to integrate any app with any website. In DAO, arc.js will help to integrate any Dapps with any organization.
ARC.HIVES: It is the backup registry in which data of Dapps and decentralised autonomous system.
ARC: As for developing any website, we have seen wordpress has many features like its framework and layers which makes it easier to make any website. ARC is also easy in deployment of DAO in any system and organization.

DAOstack Use-Case:

The possibilities are endless. One of the key components that separates DAOs from any other organizational method is its incorruptibility. We are all too familiar with corrupt corporations that act in a way that serves a few key figures while costing the rest of the parties involved. With DAOs, this kind of corruption can be completely eliminated.

EVOLUTION:

DAO has been made such that cit can be evovled with any organization easily with its best features. New block chains are being introduced day by day. They can be implemented to the benefits of DAO stacks.

DAO STACKS will need to be updated with time to have timeless technology.

DAO STACKS GEN TOKENS:

Dao stacks works on the economy which is called GEN TOKENS. These tokens cannot be buy or sell but you will have to earn these tokens by participating in its platforms. Also your reputation will be increased. These tokens allows you to stake the part of any new project. Few holding of project by majority wealth will be considered as corruption. So your reputation will have the advantage that all the projects will be approved by well reputation holders.