Article: Decentralized Autonomous Organization – Core Concepts

Blockchain, Decentralized Internet, Web 3.0

Decentralized Autonomous Organization – Core Concepts

The concept of DAO (Decentralized Autonomous Organization) has been known since 2013, when the co-founder of EOS, Dan Larimer, first mentioned the term. Currently DAO has become one of the most innovative Blockchain-based concepts. The main philosophy of DAO is to create an organization without the centralized control.

Simply DAO is a smart contract, where all rules are written in the source code instead of the piece of paper. All decisions in DAO are made in a completely democratic manner by the vote of its shareholders according to the previously established rules. These rules are adopted by all participants, at the moment of DAO creation. In other words, DAO does not have top-down hierarchy, there is no centralized power.

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Article: Dan Larimer’s newest project is another attempt at decentralized social media

Decentralized Internet

Dan Larimer’s newest project is another attempt at decentralized social mediaDan Larimer’s newest project is another attempt at decentralized social media

Daniel Larimer, former chief technology officer of Block.one and a co-founder of Block.one and Steemit, has revealed his next project, called Clarion.

The project is meant to become a mobile-first decentralized social media platform, supporting all types of social features like personal messaging via text and video, publishing content to followers or having Discord-like voice chat rooms.

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