What is a DAO, or a decentralized organization?

A Distributed Autonomous Organization (DAO) is a combination of software and social connections. It’s able to act as a decentralized company for the benefits of its members – but no member has a controlling stake in it. My analysis of this phenomenon will be split into two parts. In the first part, we’ll focus on […]

Blockchain immutability: Behind smart contracts

The Ethereum smart contract has taken the world by storm, with its wide adoption for ICOs. Smart contracts are, in essence, computer programs executed in a sandboxed environment, so one that restricts them. That restriction provides special functions and properties: the famous blockchain immutability is one of them. Let’s dive into those. Blockchain immutability As […]

Ethereum gas: how to pay it on behalf of your users

On Ethereum, every transaction that changes the state of a smart contract costs a small fee: this is called gas. Most commonly, end users pay gas while interacting with a smart contract. However, when you’re making a profit on your product by charging some transaction fee or just want to gain many users quickly, you […]