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Article I: Principles & Values

Article I: Name and Purpose

This organization’s name shall be Optio Consortia DAO (Decentralized Autonomous Organization), hereafter called the Optio Blockchain.

All functions of the Optio Blockchain can be found at www.optioconsortia.com

Vocabulary:

Blockchain:

A system where data and transactions are processed across multiple computers.

Node:

The software that runs on a participant’s device within the blockchain to process data and transactions. 

Decentralized Blockchain:

A type of blockchain network that operates without an authority group. Control and decision-making are performed by every member of the blockchain, who each gets an equal vote.

The purposes of Optio Blockchain shall be as follows:

  • Decentralization: A decentralized blockchain removes the need for a central authority or intermediary.
  • Autonomy: Users within the blockchain decide for themselves how much they are going to contribute to the community.
  • Transparency: Transactions on a blockchain are recorded in a transparent ledger that is accessible to all participants.
  • Security: Decentralized blockchains are more resistant to attacks because there is no single point of failure.
  • Efficiency and Cost Reduction: By eliminating intermediaries, decentralized blockchains can reduce transaction costs and streamline processes.
  • Censorship Resistance: Since no single entity controls a decentralized blockchain, it is less susceptible to censorship.

How it Works:

  • Purchase license: Customer purchases a node license from the Optio Blockchain (for example, $1000).
  • Run software: Node owner runs the software in the background of their device, which gives Oracle applications (apps that the Optio Consortia DAO has partnered with) computer power to perform their functions.
  • Receive rewards: In return, for their contribution, node owners receive Optio rewards, which can be exchanged for material goods within the Optio Marketplace.
  • Grow the Community: Node owners can receive additional Optio digital rewards for increased effort and innovation in the Optio decentralized ecosystem.