What is Dao?
DAO is a blockchain-based organization controlled by code and protocols. This is different from traditional organizations that are controlled by humans. The DAO uses algorithms to make decisions and allows direct participation from token holders.
What is the purpose of the Dao form?
The main goal of DAOs is to improve the traditional management structure of many companies. This means that every member has a voice, voting rights, and the opportunity to submit initiatives. DAOs also strive to have strict governance defined by code on the blockchain.
Does the Dao have a structure?
Yes, in dao there are DAO members who can determine their votes using the tokens they own. Each token has equal voting rights, and the number of tokens each member owns determines how many votes they have. Once voting is complete, the results will be implemented by the smart contract.
How important is Dao to Blockchain?
DAOs are critical to blockchain because they allow direct participation from token holders. It also allows organizations to take faster and more efficient decisions. With DAO, organizations can make more transparent and accountable decisions.