What Is Aragon ANT Ethereum Network

Racakmedia.com – ANT coin or ANT ethereum aragon network is a popular issue. If you are confused by that, we are here to explain everything for you.

You may know it as the Aragon coin or you may know it as the ANT coin but either way, you will most likely hear about a cryptocurrency that is helping individuals realize their DAO dreams.

If you don't know what it is, then we are here to tell you. However, before we get into the basics of what the ANT coin is, we'd better be careful.

ANTS we are talking about here is a coin associated with the Aragon network. This is not to be confused with Ant Network, which is centered on crypto mining phone software that its creators say allows users to help create a privacy-based social network.

There are some issues with Ant Network, but that's not something we're going to talk about here, we're not going to go into depth about them.

Suffice it to say, we urge you to be extra careful if you want to invest in ANT coin. Make sure you have ANT coins, which are related to Aragon, not Ant Network.

With that said, let's take a look at the ANT coin itself. But before we do that, let's talk about the Aragon network.

What is the Aragon ANT network?

The Aragon Network is software used to create and run a decentralized autonomous organization (DAO) on the Ethereum blockchain.

DAO is a program with built-in features to help individuals manage their code. The first DAO was essentially shut down in 2016 when hackers managed to exploit a security flaw.

This, in turn, led to the hard fork of Ethereum which made Ethereum a traditional cryptocurrency.

However, the ideals that underpinned the original DAO (though perhaps not its flaws) live on and organizations like Aragon, MakerDAO, MolochDAO and MetaCartel are working to establish DAO as a valid concept once again.

What makes the Aragon network special? The network whitepaper says: “Aragon's current infrastructure allows users to create and manage organizations.

Each Aragon organization exists as a set of smart contracts that define the organization's stakeholders and their rights and privileges.

It is impossible to precisely encode in a smart contract the subjective limitations certain rights and privileges require to function.