What is DAO in Crypto? DAO explained for business in 2022
What is DAO in Crypto? DAO explained for business in 2022 What is DAO in Crypto? DAO explained for business in 2022 Today, we explain what DAO is. How DAO works. What is the principal-agent of DAO. How DAOs solve the principle agent. What it takes to get a DAO membership. What is DAO? What Is DAO? A decentralized autonomous organization (DAO) is a blockchain-based system that lets people coordinate and governs themselves while being mediated by a series of self-executing rules deployed on a public blockchain with decentralized governance, meaning independent from central control. Decentralized refers to the fact that there isn’t any need for central government intervention. Autonomous is about the amplification of smart contracts and encoded transactions on the blockchain. Probably the most important feature of DAO is the smart contract. The contract is the one that establishes the rules of the organization, and it is also responsible for holding the group’s treasury. After ...