Читать книгу Cryptocurrency All-in-One For Dummies онлайн

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Decentralized autonomous organizations (DAOs) are already out there and making DAO investment pools happen for a few risk-tolerant and more technically savvy investors. It may be some time before an institutional investor utilizes one of these vehicles, or a portfolio manager recommends putting money into a DAO-based vehicle for their clients.

DAOs remove a lot of the necessary paperwork and bureaucracy involved in investing by creating a blockchain-based voting system and giving shares to those who invest in their product. To any blockchain, the “code as law” concept makes it unforgiving. The risks are many, particularly when poorly written code executes in unintended ways. The consequences are that hacks to this system can be severe. The transparent nature of the system and the poor code give hackers a wider attack vector and allow them to attack multiple times as they gain more and more information with each attack.

In the following section, we discuss the effects and benefits of blockchain technology on the world economy.