A Decentralized Autonomous Organization (DAO) is a blockchain-based organization that operates without a central governing body or traditional hierarchical management. Often described as an “internet community with a shared bank account”, a DAO relies on computer code and community consensus to manage its finances, operations, and decision-making processes. 🧱 Core Pillars of a DAO
The mechanics of a DAO are built directly on public blockchain networks using three core pillars: Decentralized Autonomous Organization (DAO) – Investopedia
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