HackMD - Collaborative Markdown Knowledge Base

What is a DAO? Market247.io describes the workings of a decentralized autonomous organization. <img src="https://lh4.googleusercontent.com/si7QB61NjrNIUPwNTpT3NHJ6CEBRJhG12q1_M7f6s7-PUXpn4qETlcwS_6CgtEJBNeGDOSio8zwikWGj11OE6L8WDULP7b8uFK-ryPiJeh3it2v6ruk1dwEc2K_4XCYMOSVSYRs7j6RBoONRtSrJGDoDjgAy4rPnBbFsiY-lJFPyQtChp4-YkTLbOA" style="height:317px; margin-left:0px; margin-top:0px; width:602px" /> The DAO is the next development in blockchain technology. The majority of things are decentralized. Let's investigate a DAO to find out what it is. Since the advent of smart contracts, DAO has been a key player in further decentralizing the blockchain industry. It now permeates the whole blockchain ecosystem. In this essay, we'll go over what a DAO is and everything that pertains to the concept of a digital organization. What is a DAO? Decentralized autonomous organizations (DAOs), a new form of government, do not give authority to any one entity, including corporations, governments, or even whole nations. Blockchain technology's well-known decentralization provides the ability to build a decentralized world. In traditional finance, an organization's board of directors takes all crucial decisions. Only a small number of significant stakeholders are permitted to take part in this kind of management. The community of token holders decides the fate of a cryptocurrency project when they vote on an on-chain governance structure. The idea is based on a decentralized blockchain network with a validator and node structure. Why can't a particular entity be decentralized if a network can? So anyone may contribute in the crypto realm, it might leverage community power. Gaining value for the projects and a solid reputation for contributors. #market247 #DAO  Cre: <a href="https://market247.io/" style="text-decoration-line: none;">https://market247.io/</a>  See ditail: <a href="https://market247.io/post/DAO" style="text-decoration-line: none;">https://market247.io/post/DAO</a>