This article provides information about OREC, which is an acronym for Optimistic Respect-based Executive Contract.
Optimistic Respect-based Executive Contract (OREC) is a smart contract that executes transactions on behalf of an organization or community that has a non-transferrable reputation token, aka Respect. This allows communities to easily make collective decisions and onchain actions with a high degree of decentralization.
Please note that this article is in an early stage of development and will be updated soon. You can ask questions about ORDAO and OREC Optimism Fractal discord and join the ORDAO Office Hours to learn more.
Table of Contents
Optimistic Respect-based Executive Contract (OREC) is a smart contract that executes transactions on behalf of an organization or community that has a non-transferrable reputation token, aka Respect. This allows communities to easily make collective decisions and onchain actions with a high degree of decentralization.
See the specifications and implementation in the Github Page. Learn more in the video playlist. The specifications are pasted below for your convenience.