What is a DAO and How it Works in Blockchain Technology

By akohad Apr19,2023

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What is a DAO and its Purpose?

DAOs operate through smart contracts that are executed automatically when predefined conditions are met. This means that the governance of a DAO is completely transparent, as all decisions and actions are recorded on the blockchain.

Examples of DAOs

Advantages of DAOs

Moreover, DAOs are more transparent, with all decisions and actions recorded on the blockchain, creating an immutable and auditable record. This transparency eliminates the need for trust between members, as all actions and decisions can be verified independently.

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By akohad

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