DAOs are a form of open and self-organized network that coordinates with the crypto-economic incentives along with self-executing code and it cooperates throughout the shared goals. It is usually powered by the network effects. It is mostly provided by the revenue model and it is incentivizing the production of open, shareable resources with an open-source code for music files.
DAOstack is the operating system for DAOs operated jointly by the thousands of open source creators to produce decentralized applications of DApps. It distributes the individual ownership in the product to the contributors of value. Even the crowd creators can cooperate to own and manage the multi-valued ranking system for competing with Yelp.
DAOs
DAO is the short form of Decentralized Autonomous Organization which is operated with smart contracts on the blockchain. It pursues the verifiable rules and it can never be broken but changeable only in accordance with the rules themselves. It is the centerless mesh network of agencies with a single point of control and no failure in the organization. It is the central management for indirect agents and it is known as biology as stigmergy triggered as incentive and codes.
Known Decentralized Structures
Mostly, the decentralized structures are abundant in nature. The human body is decentralized in structure and is made of organs, sub-organs, and sub-sub-organs. It works across the atomic cells with some internal structure. The functionality of the body is pretty decentralized and there is no cell of instruction for other cells. Whereas, each cell is autonomously operating according to the inputs that are received through the environment.
The sense of the organism for such autonomous and special human being has some emergent phenomena apparent only at the collective levels. It is basically an ant colony is a decentralized structure-function without any central management or control the colony and individual and that behaves in the reaction to conditions for the nearest environment.
Emergence of Phenomena
It is a sensible colony to emerge into the phenomena at a collective level deriving from an indirect coordination of ants. This will be needed for communicating directly to one another. It is a human-based decentralized structure. It is basically an acentric system that has been gracefully scaled for more than two billion users over fifty years of existence. It is a dynamic self-governance helped to evolve the upgradable living system. If the internet does not support internal values distribution, then the inherent economic incentive model for engagement will lack it too. It is the functionality that will be limited by the information distribution process.
Living Organism
The blockchain itself is one of the closest existing things for DAO, more accurately for DApp. It is a centerless living organism operated by a wider crowd of engaged members or in other words, they are known as miners. It is a newer form of internal economic incentive model that opens the door of growth and the adoption levels are never seen before.
The Bitcoin blockchain network has grown from zero to more than $100 billion values without having any central management or coordination. Besides, the functional value is based on the DApps and it is limited. An additional element might be required for enabling the general purposes that DAOs could organize and the missing element is actually the DAOstack.
DAOstach produces an app called Decentralized Applications or DApps with a distributing individual ownership for the product contribution of value. Even the crowd curators can cooperatively own and manage the multi-valued ranking system. It can change the way people organize by cooperating with nonprofits and even nation states. This develops the element important to make the foundation facilitating the transition to the near future work. DAOstack also permits a new structure of the organization with multiples of usage variation.
Website : https://daostack.io/
Twitter : https://twitter.com/daostack
Youtube : https://youtube.com/c/daostack
ETH : 0xB4fb1F0405996A3C72a58eedAf874427B63a14A1