{"id":9122,"date":"2023-03-15T16:58:48","date_gmt":"2023-03-15T16:58:48","guid":{"rendered":"https:\/\/www.bitnovo.com\/blog\/?p=9122"},"modified":"2022-05-14T08:10:13","modified_gmt":"2022-05-14T08:10:13","slug":"what-is-a-dao","status":"publish","type":"post","link":"https:\/\/www.bitnovo.com\/blog\/en\/what-is-a-dao","title":{"rendered":"What is a DAO?"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-transparent ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Alternar tabla de contenidos\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #ffffff;color:#ffffff\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #ffffff;color:#ffffff\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-a-dao\/#history_of_the_dao\" >History of The DAO<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-a-dao\/#main_characteristics_of_dao\" >Main characteristics of DAO<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-a-dao\/#how_a_dao_works\" >How a DAO works<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-a-dao\/#difference_between_traditional_organisations_and_dao\" >Difference between traditional organisations and DAO<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-a-dao\/#examples_of_dao\" >Examples of DAO<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-a-dao\/#how_to_create_your_dao\" >HOW TO CREATE YOUR DAO<\/a><\/li><\/ul><\/nav><\/div>\n<span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Tiempo de lectura:<\/span> <span class=\"rt-time\"> 6<\/span> <span class=\"rt-label rt-postfix\">minutos<\/span><\/span><p>One of the main characteristics of\u00a0<b>cryptocurrencies is their decentralized nature<\/b>, that is, they are not controlled by any entity or institution such as a government or central bank, but that\u00a0<b><i>work through the consent of the nodes<\/i><\/b>\u00a0(computer) which are part of the blockchain network of that currency.<\/p>\n<p>Decentralization is a feature that helps achieve high levels of privacy and security, feature that do not have trust currencies.<\/p>\n<p>Inspired by the decentralized character of digital coins, in 2016 a group of developers decided to create an autonomous decentralized organization, called DAO (Decentralized Autonomous Organization).<\/p>\n<p>The\u00a0<b>DAOs\u00a0<\/b>are very innovative organisations whose main feature is their autonomy,\u00a0that is, they can operate without humans.<\/p>\n<p>Daos have no offices, no employees, no managers. This type of organization\u00a0<b><i>is based on smart contracts and blockchain technology<\/i><\/b><i>\u00a0and\u00a0<\/i>works with\u00a0<i>algorithms<\/i>\u00a0who perform all their functions without human intervention on the basis of codified rules\u00a0that offer<b><i>transparency, immutability, autonomy and security<\/i><\/b>\u00a0to the entire ecosystem.<\/p>\n<p>A decentralized autonomous organization represents a revolutionary innovation in the design and operation of organizations and\u00a0<b><i>its purpose is to automate decisions, facilitate cryptocurrency transactions and implement<\/i><\/b><b><i>\u00a0multiple functions<\/i><\/b>\u00a0who currently realize professionals and big companies.<\/p>\n<p>But before we delve into how a DAO works, let\u2019s see below\u00a0<b><i>the origin and history of The DAO<\/i><\/b>.<\/p>\n<div class=\"is-divider divider clearfix\"><\/div>\n<h2><span class=\"ez-toc-section\" id=\"history_of_the_dao\"><\/span><b>History of The DAO<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<div class=\"is-divider divider clearfix\"><\/div>\n<p><b><i>The DAO is a decentralised and transparent investment fund<\/i><\/b>, based on lines of code, launched in the blockchain Ethereum in 2016.<\/p>\n<p>In the DAO, anyone could propose a project and seek community funding. If a consensus of more than 20% was reached, the requested funds would be transferred in ETH to the applicant\u2019s management.<\/p>\n<p>The project was very successful as more than 11,000 investors bought participation tokens on the platform that gave them the right to vote on projects, to finance them and to receive benefits. By the end of May 2016, more than $150 million had been raised in ether (ETH).<\/p>\n<p>In June 2016, due to vulnerabilities in its code, The DAO was breached, resulting in the theft of 3.6 million ETH.<\/p>\n<p>This\u00a0<a href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-a-hard-fork\/\">led to a hard fork of the blockchain<\/a>\u00a0of Ethereum, in order to restore the stolen funds.<\/p>\n<p>Since not everyone agreed with this decision, there was a division of the network into two blockchains: Ethereum and Ethereum Classic, from which the ETC token was created.<\/p>\n<div class=\"is-divider divider clearfix\"><\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<h2><span class=\"ez-toc-section\" id=\"main_characteristics_of_dao\"><\/span><b>Main characteristics of DAO<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<div class=\"is-divider divider clearfix\"><\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<p>In 2014,<b>\u00a0Vitalik Buterin<\/b>,\u00a0<i>co-founder of Ethereum<\/i>,in the article \u2018<a href=\"https:\/\/blog.ethereum.org\/2014\/05\/06\/daos-dacs-das-and-more-an-incomplete-terminology-guide\/\">DAOs, DACs, DAs and More: An Incomplete Terminology Guide<\/a>\u2019, published on the blog of Ethereum.org, explains the meaning of\u00a0<b>concept of DAO<\/b>, defining it as:<\/p>\n<p>\u201c<i>It is an entity that lives on the internet and exists autonomously, but also heavily relies on hiring individuals to perform certain tasks that the automaton itself cannot do.<\/i>\u201d.<\/p>\n<p>The\u00a0DAO was an organization conceived to be automated and decentralized, with the idea of being able to eliminate human error or the manipulation of investor funds, putting decision-making power in the hands of an automated system and a collective collaboration process.<\/p>\n<p><b>The use cases of a DAO are very different<\/b>\u00a0and they range from running a business, an organization, to a state or nation.<\/p>\n<p>As the name suggests, a DAO has\u00a03 main features, that make them different from other traditional organizations:<\/p>\n<ul>\n<li><b>Decentralization<\/b>:It is not governed by a centralized entity.<\/li>\n<li><b>Autonomous<\/b>: can perform operations automatically and autonomously, without any external intervention.<\/li>\n<li><b>Organization<\/b>: is an organization that follows its own rules, which are written in smart contracts and executed on a blockchain.<\/li>\n<\/ul>\n<p>In addition to these 3, the DAO have other very interesting features:<\/p>\n<ul>\n<li>They are\u00a0<b><i>open source<\/i><\/b>, transparent and incorruptible.<\/li>\n<\/ul>\n<ul>\n<li><b><i>They have no hierarchical structure<\/i><\/b>, such as traditional organisations.<\/li>\n<li>The proposals to take\u00a0<b><i>decisions are taken and voted by<\/i><\/b>\u00a0majority vote of the network actors involved.<\/li>\n<li>All\u00a0<b><i>organization transactions are recorded and maintained on a blockchain<\/i><\/b>.<\/li>\n<\/ul>\n<p>All these features, make the\u00a0<b>DAO transparent, decentralised, uncensorable and autonomous<\/b>.<\/p>\n<div class=\"is-divider divider clearfix\"><\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<h2><span class=\"ez-toc-section\" id=\"how_a_dao_works\"><\/span><b>How a DAO works<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<div class=\"is-divider divider clearfix\"><\/div>\n<p>A DAO is neither more nor less than\u00a0<b>a democracy running on a blockchain<\/b>. Given the innovative nature of this organization,\u00a0Below I\u2019ll show you how a DAO works step by step.<\/p>\n<ol>\n<li>The first step in the construction of a DAO is to establish and\u00a0<b>define the rules\u00a0<\/b>that govern the entire ecosystem. These rules are written and stored in a Smart Contract. These\u00a0<b>Smart Contract are open and transparent<\/b>\u00a0because everything recorded on them is visible to everyone. They are also immutable because, once registered, no one can change their content.<\/li>\n<\/ol>\n<ul>\n<li>2:\u00a0The second step is the\u00a0<b>financing phase<\/b>. During this phase,\u00a0each member receives a token representing the actions of the DAO. This token will also give\u00a0users some rights and privileges within the environment, such as the right to vote on certain issues.<\/li>\n<li><b>3:\u00a0<\/b>In the third phase, the DAO becomes completely<b>\u00a0independent and without external control<\/b>\u00a0since, as we have seen above, it is regulated by a\u00a0<b><i>voting and consent system of the majority of participants<\/i><\/b>, based on the number of tokens each owns.<\/li>\n<\/ul>\n<p>In the DAO, each share or vote is represented by some form of transaction on the Blockchain, while the members are represented by addresses. These addresses may be owned by a human being, a robot, an IOT device or even another DAO.<\/p>\n<div class=\"is-divider divider clearfix\"><\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<h2><span class=\"ez-toc-section\" id=\"difference_between_traditional_organisations_and_dao\"><\/span><b><br \/>\nDifference between traditional organisations and DAO<br \/>\n<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<div class=\"is-divider divider clearfix\"><\/div>\n<div id=\"row-446583111\" class=\"row\">\n<div class=\"col small-12 large-12\">\n<div class=\"col-inner text-center\">\n<div id=\"image_1259278047\" class=\"img has-hover x md-x lg-x y md-y lg-y\">\n<div class=\"img-inner dark\"><img fetchpriority=\"high\" decoding=\"async\" class=\"attachment-large size-large lazyloaded\" src=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/01\/Que-es-una-DAO-1024x701.jpg\" sizes=\"(max-width: 1020px) 100vw, 1020px\" srcset=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/01\/Que-es-una-DAO-1024x701.jpg 1024w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/01\/Que-es-una-DAO-300x206.jpg 300w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/01\/Que-es-una-DAO-768x526.jpg 768w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/01\/Que-es-una-DAO-1536x1052.jpg 1536w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/01\/Que-es-una-DAO-2048x1403.jpg 2048w\" alt=\"caracter\u00edsticas de una DAO Bitnovo\" width=\"1020\" height=\"698\" data-srcset=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/01\/Que-es-una-DAO-1024x701.jpg 1024w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/01\/Que-es-una-DAO-300x206.jpg 300w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/01\/Que-es-una-DAO-768x526.jpg 768w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/01\/Que-es-una-DAO-1536x1052.jpg 1536w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/01\/Que-es-una-DAO-2048x1403.jpg 2048w\" data-src=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/01\/Que-es-una-DAO-1024x701.jpg\" data-sizes=\"(max-width: 1020px) 100vw, 1020px\" \/><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<p>To better define a DAO, it is very important to understand the\u00a0<b>difference between a decentralized autonomous organization and a traditional organization<\/b>.<\/p>\n<p>Below I\u2019ll show you the main differences between DAO and Traditional Organizations.<\/p>\n<ol>\n<li>A traditional organisation is centralised while a DAO is\u00a0<b>decentralized, that is, it does not depend on a central authority<\/b>.<\/li>\n<li>A traditional organization follows a hierarchy from top to bottom with a centralized authority. Instead\u00a0<b>a DAO does not have a hierarchical structure<\/b>,except the code, since DAO is a distributed network\u00a0of independent stakeholders. Daos provide an operating system to people and institutions that do not know or trust each other. Actors involved are managed by open source code that self-applies with the consent of the majority of all actors in the network.<\/li>\n<\/ol>\n<div class=\"is-divider divider clearfix\"><\/div>\n<div id=\"row-150121908\" class=\"row\">\n<div class=\"col small-12 large-12\">\n<div class=\"col-inner text-center\">\n<div id=\"image_913676795\" class=\"img has-hover x md-x lg-x y md-y lg-y\">\n<div class=\"img-inner dark\"><img decoding=\"async\" class=\"attachment-original size-original lazyloaded\" src=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/01\/dao-como-funciona.png\" sizes=\"(max-width: 500px) 100vw, 500px\" srcset=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/01\/dao-como-funciona.png 500w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/01\/dao-como-funciona-300x222.png 300w\" alt=\"dao como funciona Bitnovo\" width=\"500\" height=\"370\" data-srcset=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/01\/dao-como-funciona.png 500w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/01\/dao-como-funciona-300x222.png 300w\" data-src=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/01\/dao-como-funciona.png\" data-sizes=\"(max-width: 500px) 100vw, 500px\" \/><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<p>3. A traditional organisation is a legal entity. Instead\u00a0<b>a DAO does not have a centralised legal entitya<\/b>. In traditional companies, all employees of a company have employment contracts that regulate their relationship with the organization and with each other. Their rights and obligations are governed by legal contracts while in a DAO they are not bound by a legal person since\u00a0esta<b>\u00a0it uses smart contracts<\/b>.<\/p>\n<div class=\"is-divider divider clearfix\"><\/div>\n<h2><span class=\"ez-toc-section\" id=\"examples_of_dao\"><\/span>Examples of DAO<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<div class=\"is-divider divider clearfix\"><\/div>\n<div id=\"row-50295400\" class=\"row\">\n<div class=\"col small-12 large-12\">\n<div class=\"col-inner text-center\">\n<div id=\"image_567034721\" class=\"img has-hover x md-x lg-x y md-y lg-y\">\n<div class=\"img-inner dark\"><img decoding=\"async\" class=\"attachment-large size-large lazyloaded\" src=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/01\/Que-es-una-DAO2-1024x701.jpg\" sizes=\"(max-width: 1020px) 100vw, 1020px\" srcset=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/01\/Que-es-una-DAO2-1024x701.jpg 1024w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/01\/Que-es-una-DAO2-300x206.jpg 300w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/01\/Que-es-una-DAO2-768x526.jpg 768w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/01\/Que-es-una-DAO2-1536x1052.jpg 1536w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/01\/Que-es-una-DAO2-2048x1403.jpg 2048w\" alt=\"ejemplos de DAOs Bitnovo\" width=\"1020\" height=\"698\" data-srcset=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/01\/Que-es-una-DAO2-1024x701.jpg 1024w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/01\/Que-es-una-DAO2-300x206.jpg 300w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/01\/Que-es-una-DAO2-768x526.jpg 768w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/01\/Que-es-una-DAO2-1536x1052.jpg 1536w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/01\/Que-es-una-DAO2-2048x1403.jpg 2048w\" data-src=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/01\/Que-es-una-DAO2-1024x701.jpg\" data-sizes=\"(max-width: 1020px) 100vw, 1020px\" \/><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<p><a href=\"https:\/\/bitcoin.org\/es\/\"><b>BITCOIN<\/b><\/a><\/p>\n<p>The Bitcoin network can be considered the first example of DAO, being the first organization truly decentralized and autonomous and coordinated by a consent protocol.<\/p>\n<p>Bitcoin is not controlled by any central entity and its blockchain protocol is based on a network of incentives, linked to its cryptographic token (BTC).<\/p>\n<p>As in any type of DAO, consensus-based governance rules allow for the automated and transparent coordination of a group of people who do not know or trust each other and who operate according to rules whose compliance is encouraged by proof-of-work algorithm (Pow) that guarantees network security.<\/p>\n<p><a href=\"https:\/\/makerdao.com\/\"><b>MAKER DAO<\/b><\/a><\/p>\n<p>Makerdao is regarded as the project that laid the foundations for the\u00a0<a href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-defi-o-decentralized-finance\/\">Decentralised finance or Defi<\/a>.<\/p>\n<p>Allows users to create CDP (collateralized debt position) to withdraw a\u00a0<a href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-dai-the-complete-guide\/\">stablecoin called DAI<\/a>, as a loan. Lenders can earn interest on the funds by contributing to a mutual fund, which is provided to the borrowers. Tokens Maker (MKR) allow cardholders to participate in governance and\u00a0<a href=\"https:\/\/vote.makerdao.com\/\">vote on changes<\/a>\u00a0to the stability rate.<\/p>\n<p><a href=\"https:\/\/bitshares.org\/\"><b>BITSHARES<\/b><\/a><\/p>\n<p>Created by Dan Larimer, Bitshares is a\u00a0<b>decentralised exchange platform<\/b>\u00a0allowing to operate with cryptocurrencies without leaving the blockchain. Its goal is to destabilize the way we currently buy and sell cryptocurrencies.<\/p>\n<p>Unlike bitcoin, BitShares\u2019 main goal is not to be a peer-to-peer currency, but rather a complete trading system with security tokens (such as BitUSD or BitGold) linked to real-life assets.<\/p>\n<div class=\"is-divider divider clearfix\"><\/div>\n<h2><span class=\"ez-toc-section\" id=\"how_to_create_your_dao\"><\/span><b>HOW TO CREATE YOUR DAO<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<div class=\"is-divider divider clearfix\"><\/div>\n<p>If the DAO project seemed interesting to you and you are wondering how to join a DAO or even how to create your own decentralized autonomous organization, you are in the right place.<\/p>\n<p>I will explain below\u00a0<b>how and where to create your DAO<\/b>.<\/p>\n<p>To do this, you can use various options such as, for example, the platforms of: Aragon, Colony\u00a0and\u00a0DaoStac.<\/p>\n<p><a href=\"https:\/\/aragon.org\/\"><b>Aragon<\/b><\/a>\u00a0is an open source blockchain project that allows users to build and manage their Daos.<\/p>\n<p>Aragon allows you to collaborate with people from all over the world and work to achieve common goals, share benefits and participate in group decision-making.<\/p>\n<p>In addition, on this platform you can monitor how funds are used in the community.<\/p>\n<p><a href=\"https:\/\/colony.io\/\"><b>Colony Network<\/b><\/a><i>\u00a0<\/i>is an operating system for open source and modular organizations, a set of smart contracts running on Ethereum. It provides a general framework for the essential functions required by organizations, such as ownership, structure, authority and financial management. It allows users to customize their DAO with smart contract forms.<\/p>\n<p><a href=\"https:\/\/daostack.io\/\"><b>DaoStack<\/b><\/a>\u00a0is an open source modular software, built on Ethereum blockchain, which allows different Decentralized Autonomous Organizations (DAO) to operate in an equal, efficient and secure environment.<\/p>\n","protected":false},"excerpt":{"rendered":"<p><span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Tiempo de lectura:<\/span> <span class=\"rt-time\"> 6<\/span> <span class=\"rt-label rt-postfix\">minutos<\/span><\/span>One of the main characteristics of\u00a0cryptocurrencies is their decentralized nature, that is, they are not controlled by any entity or institution such as a government or central bank, but that\u00a0work through the consent of the nodes\u00a0(computer) which are part of the blockchain network of that currency. Decentralization is a feature that helps achieve high levels [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":8320,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[185],"tags":[],"class_list":["post-9122","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain-en"],"_links":{"self":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/posts\/9122","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/comments?post=9122"}],"version-history":[{"count":0,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/posts\/9122\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/media\/8320"}],"wp:attachment":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/media?parent=9122"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/categories?post=9122"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/tags?post=9122"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}