21.12.17 IOHK | Cardano whiteboard; Treasuries, with Bingsheng Zhang, Ph.D. Lecturer

[Chris28]

If you don’t have 40 minutes to watch the video you also can read the summary of the lecture:

Summary: Treasuries with Bingsheng Zhang

Introduction The Treasury is a decentralized bank account funded through the system. There will be a democratic participation process connected to the system that allows the stakeholders to start having discussions about priorities, namely - which ballots ought to be funded. "The Treasury System aims at solving two things: Where the funds come from and how the decision is made as to how they are used. It’s based on a modular design and can be configured with many parameters for any crypto cur…