The core developers of a dao - Revision history

Moratoc at 08:37, 29 September 2023

2023-09-29T08:37:31Z

← Older revision		Revision as of 08:37, 29 September 2023
Line 1:		Line 1:
	== ~~Definition~~ ==		== Role and activity ==
	~~The core~~ developers are in charge of ~~developing the software that is~~, ~~for all intents~~ and ~~purposes, the skeleton on which~~ the [[~~DAOs: essential legal issues~~\|~~decentralized autonomous organization~~]] ~~operates~~, and ~~they define, together with~~ the ~~[[THE FOUNDERS OF A DAO\|founders]]~~ of ~~the organization~~, ~~the rules referred to~~ in ~~the whitepaper~~, ~~which can basically be traced back to the [[SMART CONTRACT AND ESSENTIAL LEGAL ISSUES\|smart contract]]~~.		Those known as the "developers" of a [[Decentralized Autonomous Organization\|Decentralized Autonomous Organization (DAO)]] are in charge of "''creating, deploying, and developing the DAO white paper rules in a [[Smart Contracts and DeFi\|smart contract]] encoded on blockchain protocol''"<ref>C. Santana, L. Albareda, ''Blockchain and the emergence of Decentralized Autonomous Organizations (DAOs): An integrative model and research agenda'', in ''Technological Forecasting & Social Change'', 2022, p. 5.</ref>.

	~~In other words~~, the members of the core developing team ~~are the only ones who~~ hold the key to being able to modify ~~the code~~. In this sense, each line of code constitutes to all intents and purposes, on the one hand, a strategic or managerial choice of the organization, involving the entire blockchain and, therefore, all participants in the network, and on the other hand, a technical choice that is functional to reflect the defined objectives.		"''While anyone may make proposals for updating the code''", only the members of the "core developing team" hold the "''commit key''" (the password that allows changes to be made to the blockchain's software repository) to being able to modify it<ref name=":0">P. Hacker, ''Corporate Governance for Complex Cryptocurrencies ? A framework for Stability and Decision Making in Blockchain-Based Organizations'', 22 Nov 2017, p. 11.</ref>. In this sense, each line of code constitutes to all intents and purposes, on the one hand, a strategic or managerial choice of the organization, involving the entire blockchain and, therefore, all participants in the network, and on the other hand, a technical choice that is functional to reflect the defined objectives.

	The developers~~, it is pointed out,~~ are not directly accountable to [[The token holders\|token holders]].		The developers are not directly accountable to [[The token holders\|token holders]]. In fact, "''a DAO does not necessarily have a controlling party and, therefore, allows for open access and permissionless innovation - that is, developers can experiment with new products and ideas without fearing repercussions from a central governing entity''"<ref>C. Bellavitis, C. Fisch, P. P. Mumtaz, ''The rise of decentralized autonomous organizations (DOAs): a first empirical glimpse'', June 7, 2022, p. 9.</ref>.

	In most cases, ~~core team~~ members ~~are part of the bodies~~ of associations or [[Foundation (under Italian Civil Code)\|foundations]], which are thus responsible for coordinating and promoting the network underlying the [[DAOs: essential legal issues\|DAO]], while also making strategic choices.		In most cases, the developers are members of associations or [[Foundation (under Italian Civil Code)\|foundations]], which are thus responsible for coordinating and promoting the network underlying the [[DAOs: essential legal issues\|DAO]], while also making strategic choices<ref>R. Piselli, ''Quando la decentralizzazione delle'' DLT ''incontra il mercato dei capitali. Appunti sulle organizzazioni decentralizzate'', in ''AGE'', 2019, p. 386.</ref>.

	=~~= References ==~~		Moreover, they do "''often coordinate their actions with operators of large [[The miners\|mining pools]]''"<ref name=":0" />.

	* P. Hacker, ''Corporate Governance for Complex Cryptocurrencies ? A framework for Stability and Decision Making in Blockchain-Based Organizations'', 22 Nov 2017, p. 11, available at https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2998830		==References==
	* R. Piselli, ''Quando la decentralizzazione delle'' DLT ''incontra il mercato dei capitali. Appunti sulle organizzazioni decentralizzate'', in ''AGE'', 2019, p. 386.
	* C. Santana, L. Albareda, ''Blockchain and the emergence of Decentralized Autonomous Organizations (DAOs): An integrative model and research agenda'', in ''Technological Forecasting & Social Change'', 2022, p. 5.		*P. Hacker, ''Corporate Governance for Complex Cryptocurrencies ? A framework for Stability and Decision Making in Blockchain-Based Organizations'', 22 Nov 2017, p. 11, available at https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2998830
			*R. Piselli, ''Quando la decentralizzazione delle'' DLT ''incontra il mercato dei capitali. Appunti sulle organizzazioni decentralizzate'', in ''AGE'', 2019, p. 386.
			*C. Santana, L. Albareda, ''Blockchain and the emergence of Decentralized Autonomous Organizations (DAOs): An integrative model and research agenda'', in ''Technological Forecasting & Social Change'', 2022, p. 5.
			*C. Bellavitis, C. Fisch, P. P. Mumtaz, ''The rise of decentralized autonomous organizations (DOAs): a first empirical glimpse'', June 7, 2022, p. 9.
			*A. Walch, ''Deconstructing "Decentralization": Exploring the Core Claim of Crypto Systems'', in ''Crypto Assets: Legal and Monetary Perspectives'' (Chris Brummer, ed.), Oxford University Press, 2019, p. 52.

	[[Category:MUSA Tech4Fin Milestone 1]]		[[Category:MUSA Tech4Fin Milestone 1]]
	[[Category:MUSA DOLaw]]		[[Category:MUSA DOLaw]]

Moratoc: /* References */

2023-08-23T16:29:39Z

References

← Older revision		Revision as of 16:29, 23 August 2023
Line 1:		Line 1:
	== Definition ==		== Definition ==
	The core developers are in charge of developing the software that is, for all intents and purposes, the skeleton on which the decentralized autonomous organization operates, and they define, together with the [[THE FOUNDERS OF A DAO\|founders]] of the organization, the rules referred to in the whitepaper, which can basically be traced back to the smart contract.		The core developers are in charge of developing the software that is, for all intents and purposes, the skeleton on which the [[DAOs: essential legal issues\|decentralized autonomous organization]] operates, and they define, together with the [[THE FOUNDERS OF A DAO\|founders]] of the organization, the rules referred to in the whitepaper, which can basically be traced back to the [[SMART CONTRACT AND ESSENTIAL LEGAL ISSUES\|smart contract]].

	In other words, the members of the core developing team are the only ones who hold the key to being able to modify the code. In this sense, each line of code constitutes to all intents and purposes, on the one hand, a strategic or managerial choice of the organization, involving the entire blockchain and, therefore, all participants in the network, and on the other hand, a technical choice that is functional to reflect the defined objectives.		In other words, the members of the core developing team are the only ones who hold the key to being able to modify the code. In this sense, each line of code constitutes to all intents and purposes, on the one hand, a strategic or managerial choice of the organization, involving the entire blockchain and, therefore, all participants in the network, and on the other hand, a technical choice that is functional to reflect the defined objectives.

	The developers, it is pointed out, are not directly accountable to token holders.		The developers, it is pointed out, are not directly accountable to [[The token holders\|token holders]].

	In most cases, core team members are part of the bodies of associations or foundations, which are thus responsible for coordinating and promoting the network underlying the DAO, while also making strategic choices.		In most cases, core team members are part of the bodies of associations or [[Foundation (under Italian Civil Code)\|foundations]], which are thus responsible for coordinating and promoting the network underlying the [[DAOs: essential legal issues\|DAO]], while also making strategic choices.

	== References ==		== References ==
Line 13:		Line 13:
	* R. Piselli, ''Quando la decentralizzazione delle'' DLT ''incontra il mercato dei capitali. Appunti sulle organizzazioni decentralizzate'', in ''AGE'', 2019, p. 386.		* R. Piselli, ''Quando la decentralizzazione delle'' DLT ''incontra il mercato dei capitali. Appunti sulle organizzazioni decentralizzate'', in ''AGE'', 2019, p. 386.
	* C. Santana, L. Albareda, ''Blockchain and the emergence of Decentralized Autonomous Organizations (DAOs): An integrative model and research agenda'', in ''Technological Forecasting & Social Change'', 2022, p. 5.		* C. Santana, L. Albareda, ''Blockchain and the emergence of Decentralized Autonomous Organizations (DAOs): An integrative model and research agenda'', in ''Technological Forecasting & Social Change'', 2022, p. 5.

			[[Category:MUSA Tech4Fin Milestone 1]]
			[[Category:MUSA DOLaw]]

Moratoc at 16:01, 7 July 2023

2023-07-07T16:01:32Z

← Older revision		Revision as of 16:01, 7 July 2023
Line 10:		Line 10:
	== References ==		== References ==

	* P. Hacker, ''Corporate Governance for Complex Cryptocurrencies ? A framework for Stability and Decision Making in Blockchain-Based Organizations'', 22 Nov 2017, p. 11, https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2998830		* P. Hacker, ''Corporate Governance for Complex Cryptocurrencies ? A framework for Stability and Decision Making in Blockchain-Based Organizations'', 22 Nov 2017, p. 11, available at https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2998830
	* R. Piselli, ''Quando la decentralizzazione delle'' DLT ''incontra il mercato dei capitali. Appunti sulle organizzazioni decentralizzate'', in ''AGE'', 2019, p. 386.		* R. Piselli, ''Quando la decentralizzazione delle'' DLT ''incontra il mercato dei capitali. Appunti sulle organizzazioni decentralizzate'', in ''AGE'', 2019, p. 386.
	* C. Santana, L. Albareda, ''Blockchain and the emergence of Decentralized Autonomous Organizations (DAOs): An integrative model and research agenda'', in ''Technological Forecasting & Social Change'', 2022, p. 5.		* C. Santana, L. Albareda, ''Blockchain and the emergence of Decentralized Autonomous Organizations (DAOs): An integrative model and research agenda'', in ''Technological Forecasting & Social Change'', 2022, p. 5.

Moratoc: Created page with "== Definition == The core developers are in charge of developing the software that is, for all intents and purposes, the skeleton on which the decentralized autonomous organiz..."

2023-06-25T10:51:21Z

Created page with "== Definition == The core developers are in charge of developing the software that is, for all intents and purposes, the skeleton on which the decentralized autonomous organiz..."

New page

== Definition ==
The core developers are in charge of developing the software that is, for all intents and purposes, the skeleton on which the decentralized autonomous organization operates, and they define, together with the [[THE FOUNDERS OF A DAO|founders]] of the organization, the rules referred to in the whitepaper, which can basically be traced back to the smart contract.

In other words, the members of the core developing team are the only ones who hold the key to being able to modify the code. In this sense, each line of code constitutes to all intents and purposes, on the one hand, a strategic or managerial choice of the organization, involving the entire blockchain and, therefore, all participants in the network, and on the other hand, a technical choice that is functional to reflect the defined objectives.

The developers, it is pointed out, are not directly accountable to token holders.

In most cases, core team members are part of the bodies of associations or foundations, which are thus responsible for coordinating and promoting the network underlying the DAO, while also making strategic choices.

== References ==

* P. Hacker, ''Corporate Governance for Complex Cryptocurrencies ? A framework for Stability and Decision Making in Blockchain-Based Organizations'', 22 Nov 2017, p. 11, https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2998830
* R. Piselli, ''Quando la decentralizzazione delle'' DLT ''incontra il mercato dei capitali. Appunti sulle organizzazioni decentralizzate'', in ''AGE'', 2019, p. 386.
* C. Santana, L. Albareda, ''Blockchain and the emergence of Decentralized Autonomous Organizations (DAOs): An integrative model and research agenda'', in ''Technological Forecasting & Social Change'', 2022, p. 5.