Cointime

Download App
iOS & Android

PermaDAO: The Faithful Promoter of Arweave Eco

Cointime Official

With the development of blockchain technology and the advent of digital era, Decentralized Autonomous Organizations (DAOs) are gradually emerging as a new organizational structure.

DAOs are a form of organization built on smart contracts and blockchain technology, aiming to achieve a more open, transparent, democratic and decentralized governance.

Traditional centralized organizations are usually controlled by centralized power structures and decision making layers, which may lead to problems such as information asymmetry, power abuse and conflict of interest. DAOs, on the other hand, create a decentralized governance model by decentralizing power and decision-making among the network's participants. In a DAO, each member can participate in the organization's decision-making process by voting or contributing value, and no single entity has absolute power.

The state of development of DAO demonstrates the need and feasibility of:

1. Decentralized Decision Making

DAO allows a wide range of participants to jointly make decisions for the organization, eliminating the central authority and single point of failure found in traditional organizations. This decentralized decision making mechanism allows participants to directly influence and participate in the development of the organization.

2. Transparency and Fairness

DAO's smart contracts and blockchain technology ensure transparency and fairness in decision-making. All transactions and decision records are permanently stored on the blockchain and can be viewed and verified by anyone, thus reducing the risk of potential corruption and fraud.

3. Community engagement and motivation

With DAO, organizations can build an active community and provide incentives for members to encourage them to actively participate and contribute value. This decentralized incentive structure can promote wider participation and innovation, making the organization more dynamic in its development.

4. Autonomous operation and sustainability

DAO's smart contracts allow organizations to operate autonomously, automatically enforcing the prescribed rules and contracts. This automated feature can reduce management costs and ensure the sustainability and stability of the organization.

Although DAO is still facing some challenges in practice, such as the design of the governance model, security and regulatory issues, but its prospects are still very attractive. As technology and communities continue to advance, more and more organizations are exploring and adopting DAO as a new organizational structure to achieve a more open, democratic and sustainable governance approach.

PermaDAO: Built for Arweave

PermaDAO is a DAO built by strangers based on the Arweave ecosystem.

PermaDAO believes that the Web3 is evolving rapidly and that Arweave will be adopted by more developers as an infrastructure, creating a new and more colorful ecosystem.

In order to facilitate this goal more efficiently, PermaDAO was created with the hope that anyone who wants to participate in the Arweave ecosystem can find their role here and contribute to its development. In PermaDAO, any proposal and task about Arweave can be posted here and supported by the whole community.

The word Perma comes from the first half of the word permanent, and the creators wanted PermaDAO to serve the Arweave ecosystem of permanent storage protocols, and also wanted all the efforts and achievements of PermaDAO to be stored permanently in the Web3 era.

Arweave: a centralized storage and data transfer protocol

Arweave is an open source decentralized storage and data transfer protocol designed to solve the sustainability and security problems of traditional Internet storage. It leverages the features of blockchain technology, such as decentralization, tamper-evident and decentralized storage, to provide users with a durable, secure and low-cost data storage solution.

The core principle of Arweave is to slice and distribute data to be stored on multiple nodes on the network, called "Arweave miners". In contrast to traditional storage solutions, Arweave uses a unique economic incentive mechanism to ensure data security and reliability by rewarding miners for providing storage space and participating in network validation.

Arweave's key features include:

1. Permanent storage

Arweave was designed with the goal of achieving permanent data storage, ensuring that data is always accessible and not lost. By sharding and replicating data across multiple nodes, data can be retrieved from other nodes even if some nodes are offline or corrupted.

2. Data tamper-proof

Since Arweave uses the decentralized and tamper-proof nature of blockchain, data stored on Arweave is verified and linked, which will ensure data integrity and tamper-proofness.

3. Low Cost Storage

Arweave uses a unique economic model that makes long-term storage of data less expensive. Compared to traditional cloud storage services, users only pay a one-time AR token fee to store data without paying additional monthly fees.

4. Decentralized Application Support

In addition to being a storage protocol, Arweave also provides the infrastructure needed to develop decentralized applications (DApps). Developers can leverage Arweave's capabilities to build applications with persistence and security without relying on traditional centralized servers.

5. Scalability and Performance

Arweave was designed with the goal of achieving high throughput and scalability. By employing a miner-like consensus algorithm, the network is able to quickly process large amounts of data transfers and dynamically scale as needed to meet growing storage requirements.

Overall, Arweave is a promising and innovative project dedicated to solving the challenges facing traditional Internet storage. It offers a decentralized, secure, and permanent data storage solution that opens up new possibilities for users and developers. However, it is important to note that Arweave is still a relatively new technology, and its ecosystem and user base are still evolving. Therefore, its applicability and risks should be fully understood and evaluated before use.

PermaDAO's Organizational Structure

PermaDAO currently consists of five main unions: the Content Union (translation and contribution), the Development Union, the Events Union, the Quality Promotion Guild, and the Management Union, which are dedicated to achieving a decentralized and transparent workflow.

The content union is positioned as a bridge for PermaDAO culture transmission, where users can participate in community contributions and translations.

The Development Union provides resources for users to learn about Arweave's eco-development, and in the Development Union, users can get access to Arweave's development tasks and propose new ideas for development.

The Event Union is responsible for online events related to Arweave Eco, and inviting guests to the events.

The Promotion Guild is responsible for branding Arweave through various promotion channels.

The management guild is responsible for the management of PermaDAO, including the construction of the DAO page, the organization of the DAO work, and the management of the weekly task settlement.

For the contributors who participate in the construction of PermaDAO, they will also be paid, and it is known that the volunteers will receive AR tokens as an incentive every week.

Each union has an important role and responsibility in PermaDAO's organizational structure. The efficient collaboration of these unions will lead to the creation of a healthy and thriving community. In turn, through transparent governance and decentralized workflows, PermaDAO will also foster collaboration and innovation in the Arweave ecosystem.

DAO: Future-Proof Organizational Structure

With the continuous development of blockchain and crypto technologies, DAO has become an innovative form of organization that breaks the boundaries and limitations of traditional organizations and empowers participants with more power and autonomous decision-making. In the future, we can foresee DAOs will have far-reaching impacts in social, economic and political aspects.

At the societal level, DAO will drive broader participation and collaboration, enabling individuals to participate in a more direct way in decision-making and resource allocation. This will lead to a more just and inclusive social structure and promote the achievement of social justice and equality.

In the economic sphere, DAO will change the way organizations operate and their business models. It will provide an open and transparent platform where talented and creative individuals can have greater access to opportunities and share success with other stakeholders. DAO will also facilitate the development of decentralized value exchange and the sharing economy, driving the emergence of new business collaboration models.

At the political level, DAOs will revolutionize democratic decision-making and governance. Through smart contracts and voting mechanisms, participants can directly participate in the policy-making and decision-making process, enabling truly decentralized governance. This will increase the transparency and efficiency of decision making and enhance public trust in the outcome.

In short, the DAO of the future will be the engine that drives social innovation and change. It will shape a more open, democratic and collaborative world where individuals can realize their potential and work together to build a better future. As technology continues to advance and people's awareness of decentralized organizations deepens, we can expect widespread adoption and continued growth of DAO in all areas.

Back to PermaDAO, as a DAO organization built by strangers, PermaDAO has attracted many participants to join and gradually found its own role in the Arweave ecosystem. We believe that more developers, designers, content creators, community managers and other people from different backgrounds will participate in the future and contribute to the development of Arweave.

DAO
Comments

All Comments

Recommended for you

  • Robinhood Chief Legal Officer Dan Gallagher Says He Won't Become SEC Chairman

    According to market news, Dan Gallagher, the Chief Legal Officer of Robinhood, stated that he would not serve as the Chairman of the US Securities and Exchange Commission.

  • Cosine: After a user used GPT to write a bot with a backdoor code, the private key was sent to a phishing website

    SlowMist Yu Xian stated in a post on the X platform that a user used GPT to write a bot with code and sent the private key to a phishing website. The reason why the private key was stolen was because it was directly sent to the phishing website in the HTTP request body. Yu Xian reminded that when using LLM such as GPT/Claude, one must pay attention to the common fraudulent behavior of these LLM. It was previously mentioned that AI poisoning attacks were carried out, and now this is a real attack case targeting the crypto industry.

  • U.S. Supreme Court rejects Facebook's attempt to avoid shareholder securities fraud lawsuit

     US Supreme Court rejected Facebook's attempt to avoid shareholder securities fraud lawsuits under the META umbrella.

  • The final value of the US one-year inflation rate in November is expected to be 2.6%, the expected value is 2.7%, and the previous value is 2.60%

     the expected final value of the US one-year inflation rate in November is 2.6%, with an expected value of 2.7% and a previous value of 2.60%. The expected final value of the US five-to-ten-year inflation rate in November is 3.2%, with an expected value of 3.1% and a previous value of 3.10%.

  • Polymarket Blocks French Users Amid Government Investigation into Gambling Law Compliance

    Polymarket has blocked users from France following reports of an investigation by the country's gaming authority for compliance with gambling laws. The ban was not stated in Polymarket's terms of service, but French users attempting to access the website using a VPN from a French server were met with a digital blockade. The ANJ, France's national gaming authority, began investigating Polymarket after a French trader placed large bets on Donald Trump winning the 2024 US Presidential election.

  • U.S. stocks open, most crypto stocks open lower

     the US stock market opened with the Dow Jones up 0.19%, the S&P 500 up 0.05%, and the Nasdaq up 0.01%. Most cryptocurrency stocks opened lower, with Coinbase (COIN.O) down 0.06%, MicroStrategy (MSTR.O) up 0.4%, and Riot Platforms (RIOT.O) down 2.6%. Previously, Bitcoin had risen above $99,000 before falling back.

  • Amazon to invest an additional $4 billion in Anthropic, OpenAI's rival

     Amazon is deepening its cooperation with Anthropic and will add an additional $4 billion investment to the company. In September of this year, Anthropic, an artificial intelligence startup, was seeking a new round of financing with a valuation of up to $40 billion. Anthropic was founded by former OpenAI executives in 2021 and focuses on creating interpretable, secure, and controllable artificial intelligence systems. The company's flagship AI model, Claude, operates based on "Constitutional AI," which uses predefined principles to guide its output, avoiding some erroneous or discriminatory output reactions.

  • Family Offices Evolve into Powerful Investment Entities with Innovative Strategies and Advanced Technologies

    Family offices, which traditionally focused on conservative investment strategies, have transformed into powerful investment entities with a focus on alternative investments, private equity, co-investments, venture capital, and impact investing. This shift has been driven by innovative financial solutions and modern investment strategies, responding to technological advancements and an evolving global financial landscape. Family offices are taking a more active role in direct investments and co-investments, particularly in high-growth companies and startups, enhancing their control and flexibility. They are also diversifying further into private markets and real assets due to geopolitical and macroeconomic uncertainties, while embracing innovative financing solutions and cutting-edge risk management techniques. Additionally, family offices are implementing AI technologies to improve their decision-making processes, particularly in investment analysis, reflecting their commitment to innovation and strategic planning.

  • Left-Curving DAOs

    For the past twenty one days I have been obsessed with a decentralized project called Higher. If interested in the origin lore you can read more here.

  • DAOs as novelty search engines

    DAOs are collaborative networks which are likely to have a unique role in the future. To determine this role, you need to be able to look beyond what is happening today. Like a toddler taking its first steps, the DAOs of today are immature, unsteady and likely to stumble.