Читать книгу Cryptocurrency All-in-One For Dummies онлайн

154 страница из 200

Here’s how DAOs basically work:

1 A group of people write a smart contract to govern the organization.

2 People add funds to the DAO and are given tokens that represent ownership.This structure works kind of like stock in a company, but the members have control of the funds from day one.

3 When the funds have been raised, the DAO begins to operate by having members propose how to spend the money. Voting may be affected by how much Ether the member risks or stakes in the DAO.

4 The members vote on these proposals.

5 When the predetermined time has passed and the predetermined number of votes has accrued, the proposal passes or fails.

6 Individuals act as contractors to service the DAO.

ssss1 Ethereum.org blockchain application depiction.

Unlike most traditional investment vehicles, where a central party makes decisions about investments, the members of a DAO control 100 percent of the assets. They vote on new investments and other decisions. This type of structure threatens to displace traditional financial managers.