DAOstack is the operating system that has been coming to the collective intelligence of a newer form of human association with the DAO which is the abbreviated version of Decentralized Autonomous Organizations. It captures the imagination of the best minds into the blockchain space. DAOs consists of thousands of the open-source creators for a joint production of decentralized applications at the time of distribution for individuals of ownership by the contributor's value. It has already taken part into the crowd curators for a cooperatively owned and manageable multi-valued ranking. Dao also captures the imagination of the best minds in a solid framework for decentralized blockchain governance.
Agencies
Every smart agency has an atomic governance unit for managing and operating with smart contracts on the blockchain. DAOstack has released tokens related to the benefits of company resources. These tokens preserve the reputation system which is related to the credibility and influence in company matters. The building blocks of DAOs are smart companies or some kind of agencies to use it interchangeably.
It has its own governance system encoded “bylaws” in smart contracts. The protocol of the governance is embedded into the smart contract of an agency so that it be done through anything so that anyone can come up with the simple example. It is a proposal based governance system and it is determined by the yes or no majority vote by the required proposals. It will go through approval and execution process to be a single action in smart companies. These proposals might be appropriate for the token distribution with examples of voting. This can be weighted by the voter reputation that will be given with the help of others example.
Distance from Center
The solid balls represent the agents of the company for making their distance to the center reflecting their influential power for the reputation that will be closer to the influence. Another size reflects the native tokens possession by the larger number of the ball will be used for holding more of the company’s tokens. The agents will be proposing for the allocation of 5ETH to the agents by adding values for contribution for fixing bugs. He agents will be counted on the company votes weighted by the reputation for the majority of reputation holders agreeing with the proposals by the contract of automatically executed by the suggested token allocation.
Open Organization
The current economic system is based upon the approximate zero-sum or win-lose game. The force of competition triggers the evolution towards the peak of the performance. This can be maximized with due respect to the local and global win. To company also optimizes the respect for its survival and it will never worth the respect to the benefit of a larger whole.
Nash Equilibrium
There might have a problem to enclose the non-cooperative Nash equilibrium. It is a cooperative equilibrium that may exist for the betterment of everyone and not for any single agent. It has a problem for a larger-scale coordination preventing the transition from the competition to cooperation.
The non-cooperative Nash equilibrium sometime triumphant in everywhere, but the domain of the production and development sometimes shows up clearly to get closure of obscurity of knowledge and information. Generally, it has anti-rival resources for unlimited usage and it makes the system more usable and valuable at the same time. It can never be consumed rather, it is better to have more eyes on the better and safer code. The companies with open-source code are asymmetrical that gives advantages for their competitors.
The shared resources are consistent with the current economy. DAO is also required to incentivizing the rewards for sharing the reusable components. This gives the service a boost and makes it efficient to serve the clients.
Web : https://daostack.io/
Whitepaper : https://daostack.io/wp/DAOstack-White-Paper-en.pdf
MEW : 0x70aE6fFc22837121B9Bb37c676eCf2Bf5d69412A