DAO / Decentralized Autonomous Organization
Decentralized Autonomous Organizations (DAOs)
What are they?
A Decentralized Autonomous Organization (DAO) is a structure managed by its members, where decisions are made democratically through blockchain-based voting. DAOs are characterized by transparency in management and finances, meaning that all transactions and decisions are publicly accessible and can be verified by anyone interested.
Why are DAOs important for the cryptocurrency ecosystem?
DAOs represent a revolution in management and organization, offering a new decentralized way of decision-making. For the world of cryptocurrencies and blockchain technology, they serve as an example of how technology can contribute to the creation of more egalitarian and disruption-resistant management systems.
Updated on: 12/11/2023
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