Cryptocurrency Q&A
What is Dao blockchain?
What is Dao blockchain?
Luca
Mon Nov 18 2024
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6 answers
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DAO, standing for Decentralized Autonomous Organization, is a form of organization utilizing blockchain technology. It operates through smart contracts, encoding financial transactions and rules on the blockchain, eliminating reliance on central authorities. DAO aims to provide transparency, autonomy, and decentralized decision-making in organizational governance.
6 answers
CryptoChieftainGuard
Wed Nov 20 2024
Unlike traditional entities, a DAO lacks a central governing body.
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CryptoAlchemy
Wed Nov 20 2024
Instead, its members collectively share a common objective.
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Nicola
Wed Nov 20 2024
This objective is centered around acting in the best interest of the DAO itself.
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Alessandra
Wed Nov 20 2024
A decentralized autonomous organization, or DAO, represents a novel form of organizational structure.
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amelia_jackson_environmentalist
Wed Nov 20 2024
The concept of DAOs has gained popularity among blockchain enthusiasts.
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