Cryptocurrency Q&A
What is the primary purpose of the DAO?
What is the primary purpose of the DAO?
IncheonBeautyBloom
Tue Oct 15 2024
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6 answers
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I'm trying to understand the main reason behind the existence of DAO. What is its CORE objective or the primary goal it aims to achieve?
6 answers
GangnamGlitzGlamourGlory
Thu Oct 17 2024
These smart contracts are securely stored on the blockchain, a decentralized ledger that ensures transparency and immutability.
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HanRiverVision
Thu Oct 17 2024
In contrast to traditional organizations where decisions are made by a manager or an executive board, a DAO operates based on the consensus of its members.
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Martina
Thu Oct 17 2024
A Decentralized Autonomous Organization, or DAO, revolutionizes the way organizations operate by eliminating the need for a central authority.
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Federico
Thu Oct 17 2024
Members of a DAO participate in decision-making processes by voting on the details of the smart contracts, thereby exercising their autonomy and influence over the organization's direction.
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BlockchainBaronessGuard
Thu Oct 17 2024
The core of a DAO lies in its use of smart contracts, which are essentially self-executing programs encoded with rules that govern the organization's operations.
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