Daostack - Is an Organization That Is Regulated By Rules And Encoded In Intelligent Contracts

 https://daostack.io/

What is DAO?

DAO is a decentralized autonomous organization in which we can see the most complex form of intellectual contracts in which rules issued by local authorities or decentralized organizations are embedded in intelligent contract codes, with complex token management rules.

DAO is an organization governed by rules and encoded in Intelligent Contracts and works on chain blocks. DAO is an online platform community whose resources are organized according to the rules agreed upon and set out in the code.

Smart contract: this is an independent contract with terms of agreement between the buyer and the seller.

Decentralized organizations work through signaling systems that distribute feedback as a means of targeting individuals to groups.

Decentralized organizations have created an infrastructure of activities undertaken through local interaction between members and signaling systems designed to create self-regulatory systems.

How does DAO work?

DAO is an open source software that can modify the consensus of the participants. Now they are made possible by the development of Ethereum. Ethereum is a public block chain that acts as a distributed virtual machine for a peer-to-peer contract.

As already mentioned, DAO is a rule-managed organization and encoded in Smart Contracts and works on chain blocks. There are many ways to work DAO, such as transaction tokens, stand-alone, consensus, contractor, proposal, voting.

Transaction alerts: DAO requires a somewhat vulnerable internal process, and can use this process to reward certain actions. DAO does not have a hierarchical structure, neither leaders, nor leadership.

Autonomy: the use of a creature independent of its creator and not dependent on external forces. With this method, they will exclude third party participation in financial transactions.

Consensus: In the DAO section on the transfer of funds, most stakeholders must agree on a solution. If errors are found in the code, they can not be corrected until the voting procedure is performed.

Contractor: DAO can not create products, write code, or develop equipment. To achieve their goals, a contractor is required. The contractor is appointed by selecting the token holder.

Suggestions: The most important way to make decisions in DAO is advice.

Vote: After the proposal is submitted, voting will be held. DAO allows people to trade economic benefits with anyone in the world, for example, investing, raising money, lending, borrowing, without the help of intermediaries, just trusting the code.

How is DAO used?

DAO is made with an output door, known as a division function. This feature allows users to undo the process and return the broadcast they send to DAO. If someone separates from DAO, they will create their own DAO subsidiary and approve their offer to send the broadcast to the address within 28 days.

With this, there is a problem with security, and a large company asks for a moratorium. Members of the Ethereum community noted that the funds were evacuated from DAO, and all Smart ETH contract balances fell. In the first few hours, hackers evacuated 3.6 million ether. Attacks detected by exploit occur as a solving function.

Then the attackers issued Ether several times from the DAO Smart contract, using the same DAO token that was possible due to the use of recursive calls. Recursive recall operation means that the hacker can perform separate functions that allow an attacker to collect multiple times using a single transaction.

What is DAO Stack:

DAO Stack is a complete platform for teams to organize all shared goals. The first goal of developing DAO Stack is not to create a particular protocol or application, but to create a simple system that works well.

With DAO Stack, we can choose the best template for the management model and immediately apply it with the DAO Stack Technology layer, just as the world will work in the future. With the help of DAO Stack, you can create interests and benefits for individuals and interests for the benefit of the team.

The first component of the DAO Stack is a decentralized, simple, reliable and measurable voting system.

The management system, in essence, a state transition system that collects resources from agents and, according to some rules, solves the state of the next chain. Agents can enter into DAO exactly 4 different actions: they submit proposals, vote yes or no, send ETH to stocks and send back markers of funds to get their DAO shares back from DAO.

DAOstack is one company that deals with this problem for companies dealing with crypto currency.

I wonder how DAOstack plans to achieve what he claims? Read it together to find out about the destination and other details.

To start with a very simple one, DAOstack is solely based on helping companies manage resources, make informed decisions using custom tools and other software products.

Here are a few reasons that can justify choosing DAOstack for your needs;

>Installing blockxes in a decentralized manner helps to avoid flaws in the implementation of decisions.

>Having a good incentive to expand cooperation.

>Based on the Eterheim Ecosystem.

DAO is a set of tools that help to achieve the company's goals. The ecosystem on which DAOstack is based allows you to interact between several DAOs to improve collaboration. People can interact with the DAO either by performing a transaction with a blocking hook, or depending on the front of the blockchain ecosystem.

Arc is a model in which the administration of the network of institutions interacts between them. This structure is built in such a way that it is flexible and can be bent to meet the needs of users.

The main division, the managing agency, is the contract with the controller. He sends commands to the printer's token, wallet. He is also responsible for improving the technical architecture and management system based on the operation of the company.

Information about tokens

>Token GEN

>Price 1 GEN = 1 USD

>Platform Ethereum

>Accepting ETH

>Soft cap 5,000,000 USD

>Hard cap 30,000,000 USD

>Raised $ 8,000,000

>Country Gibraltar

>Whitelist / KYC None

For projects with 40 million tokens provided to customers, 100 million GEN tokens will be created.

Token sales begins May 8, 2018. Initial token sales begin May 1, 2018. The funds will be used to develop and promote the platform. This team is defined and has experience in creating meaningful products for users.

CONCLUSION

The ability to work together for benefits is not common among other species. People believe in people's choices, and this structure has created many forms of solutions in our world. However, there are many centralized institutions and organizations, and the decision-making power is limited to a few people. The loss of centralization is evident in history and in today's political and economic terms. The task of individual solutions can be overcome in groups.

There are few opportunities for error and more opportunities for better people to make joint decisions. The future of technology is redefined by decentralization. Decentralized app development will give people new direction. What do you think of the future of a decentralized app? Is this a suitable platform to provide all the tools needed to develop a decentralized application?

TEAM

Team:

Matan Field - Director General and Architects - Leading Experts on Decentralized Management. Doctor of Physics and Mathematics. DAO Architect and Blockchain Entrepreneur since 2014.

Adam Levy - Technical Director / Technologist Technologist Deep Blockchain. PhD in physics from technicians. Former engineer IDF radar. Twenty-two years of code writing.

Nathalia Scherer - Community & BIS DEV - Catalysts for plants and living systems. The Dalai Lama and system engineers, focusing on social innovation and solving complicated problems. The practice of "weaving art" links with multiple stakeholders in the structure of common sense. Artist, sophisticated geek expert, and paraglider pilot.

Josh Zemel - Communications - develops and implements key initiatives for the growth of Equifax, Blue Cross Blue Shield and Toyota. Former vice president of IMM, digital agency.

Oren Sokolovsky - a leading developer - decentralized and passionate dreamer. Software developers and team leaders are very experienced. Over 20 years in various SW development projects. He likes to turn vision into code.

Roberto Klein - Legal & Finance - investors and entrepreneurs involved in block regulation, IPO and corporate / initial financing. M.Sc., MBA.

Shira Smilansky - Administration - personal guides and consultants. Former head of education at Intel Development Center, Israel. Teachers and students.

Yehonathan Goldman - Operation - Polymate and expert in surgery. Crypto Investor & Explorer since 2014.

Primavera De Filippi - Alchemy is a permanent researcher at the National Center for Scientific Research (CNRS) in Paris. Member of Harvard Law School.

Decision:

DAO Stack - the use of Arc Skeleton combined with Alchemy DAPP and archives effectively alter the process of creating, operating and controlling DAO, enabling more parties to create DAO, which anyone can easily operate.

The DAO stack efficiently uses GEN markers. Signs play a role in the ecosystem, which increases their demand and value as the platform grows. The beauty of the product is that the public should not accept the system, but the group of developers or members of the group.

In my opinion, DAO Stack can unite all people to collect decisions and actions of collective individuals in common goals, wisdom, ability, and keep these things in one place to bring them into harmony. The DAO collection can bring the power of cooperation to people, allowing us to collaborate on a single platform using blockchain technology and make DAO a reality.

For more information and social networking of Daostack, please follow the following sources:

WEBSITE: https://daostack.io/

DOCUMENT: https://daostack.io/wp/DAOstack-White-Paper-de.pdf

YOUTUBE: https://youtube.com/c/daostack

TWITTER: https: // twitter.com/daostack

TELEGRAM: https://t.me/DAOstackChannel

Author :  (kadutz25)

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