©  Vikram Dhillon, David Metcalf, and Max Hooper 2021
V. Dhillon et al.Blockchain Enabled Applicationshttps://doi.org/10.1007/978-1-4842-6534-5_5

5. Decentralized Organizations

Vikram Dhillon1  , David Metcalf1 and Max Hooper1
(1)
Orlando, FL, USA
 

Bitcoin can be thought of as the first prototypical Decentralized Autonomous Organization (DAO). It created a network-based ecosystem of participants who contribute computational power toward a singular goal. In Bitcoin, the underlying protocol created a financial service that rewards miners for providing verification services, and this setup became a rudimentary decentralized organization. In this chapter, we will focus on more-complex organizations created on the blockchain with Aragon. Aragon is a decentralized ...

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