The DAO-Over: How DAOstack Is Doing DAOs Right

DAOs were meant to be the complementary governance model for running decentralized applications, with protocols for collective decision-making to keep them heading in the right direction.

Recently, DAOstack architect Matan Field spoke about the progress of DAOs, addressing head on the problems faced by the Original DAO. To Matan, there are two distinct levels in which a governance system on the blockchain can go fatally wrong, and the original DAO hit both of them.

DAOstack believes putting such a promising innovation on the back burner is not the solution, so instead, they're targeting the gaps in the way DApps are governed and the way DAOs are organized.

This is where DAOstack comes into play-to reclaim the reputation that DAOs should be rightfully awarded.

DAOstack aims to do DAOs justice by providing a governance toolkit that would help ensure the governance aspect of blockchain companies does not fall behind.

DAOstack uses a more sophisticated distributed governance protocol than the Original DAO. "Another criticism of the [Original] DAO," Matan observed, "Was that even if it was not exploitable, who said that the token holders would make good decisions? And I completely agree with that. Although our Arc framework can do anything, we're basing our system, or at least our initial system, on the basis of reputation rather than a token-based voting system."

While DAOstack has improved security measures over the DAO on multiple levels, perhaps their most significant difference is that, for its own DAO, they won't store funds directly on the platform.

There are issues that need immediate solutions, time-sensitive and crucial problems that demand far more than what scattered traditional communication platforms can offer-a system that could have prevented a massive collapse like that of the Original DAO. DAOstack restructures the current topology of governance which is scattered across different platforms.

"DAOstack provides the foundational tools for the creation, operation, and governance of DAOs, internally and externally within a broader ecosystem. In a nutshell, it can be regarded as an analog of WordPress for DAOs -it does for blockchains what WordPress has done for the web," their white paper reads.

Like WordPress, DAOstack provides comprehensive, accessible tools that can be used even by newcomers to DAOs.