What the heck is a DAO? How to make one?

How do Smart Contracts come into the picture with Organizations?

Centralized Organization
  1. Its run by Humans, so corruption is always a certainty.
  2. Not everyone gets a say in big decisions.
  3. Transparency is rare.
  4. A huge amount of faith and trust is required in the system, which often leads to disappointment.
  1. Incorruptibility ( as the decisions are executed by the code of the smart contract and not a person )
  2. Decentralized ( everyone gets to have a say in the decision)
  3. Transparency ( every transaction gets logged on the chain )
  4. Trustless System ( Who needs Humans when you have code ? 😎)

So how does a basic DAO function?

Decentralized Autonomous Organization

Enough with the details of how DAOs work, tell me how to make one? Do I have to code one myself?

  1. Create your DAO in minutes.
  2. Easy interface for proposals and voting.

Let’s create a DAO, shall we?

  1. Head on to https://app.squads.so/ .

What next?

  1. What are Smart Contracts?
  2. What’s a DAO?
  3. Squads

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Coding Enthusiast | Machine Learning | Competitive Coder | Data Analyst | Full time Transponster

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Harsh Ghodkar

Harsh Ghodkar

Coding Enthusiast | Machine Learning | Competitive Coder | Data Analyst | Full time Transponster

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