What is the best way to become a successful DAO developer?

lets simply this..! ??Imagine a blockchain like a digital chain of blocks, each containing information. These blocks are connected and stored on many computers worldwide. Every time new information is added, it creates a new block, and each block has a special code that links it to the previous one. This way, it forms a secure chain where no one can change the past information without everyone knowing. People use blockchains for safe digital transactions and keeping records because they're super secure and reliable! ??????

I agree, understanding how blockchains works is critical, it’s important understanding how the low level calls are made and transactions validated. I would suggest, for someone looking to get started building a DAO, to focus on Solidity and the EVM. The solidity programming language is relatively easy to learn and it can be used with any EVM compatible chain meaning BSC, Polygon, and the layer 2 scaling solutions, which are gaining massive adoption, Optimism and Arbitrum. Solidity gives you more over all options to work with. While rust is specific to Solana and the Move language is specific to Aptos, these are fewer than the EVM compatible chains.

Blockchain is essentially a distributed ledger which is append-only, where this appending to this ledger is done after a consensus has been reached upon the majority of network. A ledger is a book to record transactions, say a in double accounting system. How it differs from a traditional bank is that, the bank is the singular central entity that holds this ledger. There are laws to protect it from frauding you but you must already know that the banks make money by investing your money elsewhere (giving loans etc) to earn profits. So your money is never there (lookup bank runs) On a blockchain you truly own your wealth. Every node in the network holds a copy of this immutable ledger. Changing it is unfeasible on most chains.

To simplify your work as a DAO developer, consider leveraging existing DAO frameworks. These frameworks offer ready-made templates, modules, and interfaces that streamline the creation and management of DAOs. Popular options like Aragon, DAOstack, Colony, and Moloch provide a solid foundation, allowing you to customize aspects such as governance structures, voting mechanisms, membership rules, and funding models to suit your specific needs. It's worth investing time in learning how to use these frameworks effectively. This approach not only makes your life easier but also enhances the efficiency and functionality of your DAO.

DAO frameworks are abstractions similar to how Node abstracts your code from js interactions with the OS etc. They contain templates of modular smart contract code and plug-ins for aspects like governance on chain, voting and security etc. We can build User interfaces over these primitives and change the underlying code to suit our needs. This makes for a hassle free Onboarding and enables communities to build their own DAOs and put their socio economic interactions on chain for all the benefits that web3 offers.

Decentralized Autonomous Organizations (DAOs) represent a growing field within blockchain technology, and developers should familiarize themselves with several frameworks. The "best" framework choice often hinges on specific project requirements, development preferences, and the underlying blockchain platform. Notable frameworks in this domain include Aragon, DAOstack, Moloch DAO, Colony, Governance as a Service (GaaS), and DAO templates on Substrate, tailored for developers working on Polkadot or Substrate-based blockchains. Analyzing these frameworks helps in understanding their functionalities, differentiating them from one another, and identifying the use cases where they excel.

Moreover, design roles, responsibilities, and incentives for members, aligning everyone's interests. Creating an atmosphere of trust, cooperation, and innovation is key. It's not just about coding; it's about crafting a community-driven entity that thrives on shared vision and collaboration. ??????

Designing a DAO involves defining objectives, governance structures, tokenomics, and smart contract architecture. Stakeholders' needs, security, and scalability are crucial considerations. Start by outlining the DAO's purpose and stakeholders, then design governance mechanisms, such as voting and decision-making processes. Determine the tokenomics, including token distribution and usage within the ecosystem. Develop secure smart contracts for core functionalities, ensuring auditability and upgradability. Consider scalability and interoperability for future growth and interaction with other ecosystems. Finally, plan for continuous improvement through governance upgrades and feedback loops.

As a DAO developer, prioritizing security is paramount to protect the organization and its stakeholders from losing big money. Begin by conducting thorough security audits of smart contracts and implementing best practices in coding, such as secure coding standards and code reviews. Utilize battle-tested security libraries and tools to mitigate common vulnerabilities like reentrancy attacks, integer overflows, and front-running. Implement multi-signature wallets and permissioned access controls to safeguard funds and critical functions. Stay informed about the latest security trends and updates in the blockchain space. Do follow rekt.news to keep yourself updated about the recent security breach.

This cannot be emphasized enough. In the Blockchain and smart contract works there are numerous hacks that happen more frequently that one would imagine. There was a notorious DAO hack in 2016 for 60$ million worth of Ether. Following best practices to write clean code, following proper checks/effects patterns, but also understanding how solidity works within the EMV and how the lower level works with data storage. It’s always a good idea to have your contracts professional audited as well.

Depending on the type of DAO, one of its purpose might also be educating its members. So, as a DAO developer, you must be able to communicate and educate community members about you’re building. It is important to be able to explain the technical stuffs to non-techs

As a DAO developer, it's essential to embrace a mindset of continuous learning. . It's important to learn not only from other DAOs and communities but also from your own experiences. Being adaptable and flexible is crucial. Your DAO will need to evolve in response to the changing expectations of your members and stakeholders, as well as shifts in the external trends. This means being ready to make adjustments and pivot when necessary. Additionally, proactive and creative thinking will help you drive improvements within your DAO and contribute meaningfully to the broader DAO ecosystem. By continuously seeking ways to innovate, you'll help ensure your DAO remains relevant and effective in this ever-changing space.