EP 08 – Moloch DAO – The next big thing on Ethereum?

In this episode, we talk about Moloch DAO – a project that has drawn the attention of some of the biggest names in the Ethereum community. DAO stands for Decentralized Autonomous Organization, it has been conceptualized to be an organization that can operate and run across borders, on a decentralized blockchain network, which is directly controlled by the participants of that network. Unlike other DAOs in the past, Moloch is designed to effectively coordinate resources for issuing grants to projects within the Ethereum community. Some even describe it as a project with Crypto-economic innovations that can help fast track the development of projects on the Ethereum network. In this episode, we look at some of the basic concepts of what a DAO is, take a closer look at Moloch DAO and analyze how it can solve some of the problems of DAOs that have existed in the past.