S
S
steph892021-06-07 18:26:15
blockchain
steph89, 2021-06-07 18:26:15

Building a DAO based on Ethereum private network?

Is it possible to create a DAO on the private Ethereum network.
If launched in a public one, then for each execution of a smart contract, a certain amount of ether will be withdrawn.

Answer the question

In order to leave comments, you need to log in

1 answer(s)
R
rPman, 2021-06-07
@steph89

Its decentralization will be in question (letter D in DAO), because for it to be so, it must be mined by more than a dozen people (more precisely, the number of people so that at least half could not agree to do nasty things) and the main amount of money invested in maintenance ( mining) of the network should be comparable to the amounts that will be spinning there in your contracts (roughly speaking, if mining brings all your miners $ 100 per day, and you want to block millions of dollars in the contract .. then you won’t have to talk about any reliability ).
For the same reason, building a DAO based on dPOS networks, in which two and a half validators are at least unreliable, or rather, it’s more dust in the eye, since it’s easy to use these two as a merchant (and raise a classic server, instead of perversions with a blockchain without a decentralized consensus) is simpler and cheaper.
those. the answer is rather no.

Didn't find what you were looking for?

Ask your question

Ask a Question

731 491 924 answers to any question