Dao Technology

A hybrid of blockchain and off-chain technologies powers Taughts Layer 2 Decentralized Autonomous Organization (DAO). The off-chain technology enables the DAO to manage large volumes of transactions and carry out smart contract activities more effectively, while the underlying blockchain network provides the security and decentralization required for a DAO to function.

State channels are one of the primary technologies used in Taughts Layer 2 DAO. State channels, which enable transactions and information exchange between two or more parties without requiring each transaction to be recorded on the main blockchain network, are off-chain channels. State channels allow Taughts Layer 2 DAO to process transactions off-chain, cutting down on the cost and amount of time needed to carry out smart contract operations and enhancing scalability.

Smart contracts, which are used to encode the rules and decision-making procedures of Taughts Layer 2 DAO, are another important piece of technology. With smart contracts, the details of the agreement between the buyer and seller are directly encoded into lines of code. These contracts self-execute. This guarantees that the underlying blockchain network will uphold the DAO's rules and that they are transparent and unchangeable.

To further increase scalability and lower the cost of performing smart contract operations, Taughts Layer 2 DAO may additionally leverage technologies like Plasma, Optimistic Rollups, and ZK-Rollups in addition to state channels and smart contracts.

As a result, Taughts Layer 2 DAO's technology enables decentralized organizations to function more effectively and manage larger volumes of transactions. Its technology combines off-chain and blockchain technologies. Taughts Layer 2 DAO is able to extend its operations, lower the cost of carrying out smart contract activities, and offer superior privacy protection as compared to a first-layer DAO thanks to the utilisation of state channels, smart contracts, and other off-chain technology.