DAO


📲 Technologies Used

You need to be able to work with a terminal, JavaScript, and React. No Solidity is needed. You will use ThirdWeb which allows you to work with smart contracts using just JavaScript.

  • Hyperledger
  • ThirdWeb
  • Alchemy
  • ERC-1155
  • ERC-20
  • Rinkeby testnet
  • IPFS
  • MetaMask
  • React
  • HTML
  • CSS
  • JavaScript
  • React

❔ What Is A DAO? There are so many different definitions and explanations of what a DAO is. I just googled it and it says, “A decentralized autonomous organization (DAO) is an entity with no central leadership. Decisions get made from the bottom-up, governed by a community organized around a specific set of rules enforced on a blockchain”. I feel like even after reading this, I still don’t understand what the heck a DAO is. Simply put, a DAO is a community of people with a shared bank account. Decisions around how that bank account is used are made by voting on different proposals that members create. When a proposal gets enough votes, it is executed on-chain!


Summary

Here is an example of the DAO.


Elyse Y. Robinson Elyse Y. Robinson is the Founder of Switch Into Tech Inc. where I do monthly seminars, NewsIn.IT where I post daily freebies to switch into tech, a Microsoft Certified Trainer, and an Azure Cloud Consultant…in love with Mexico, researching any and everything, and helping people switch into the tech industry.