📲 Technologies Used
- Rinkeby testnet
❔ 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!
Here is an example of the DAO.
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.