Cryptocurrency Q&A
Who controls a DAO?
Who controls a DAO?
lucas_emma_entrepreneur
Thu Jun 27 2024
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5 answers
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When it comes to the question of who controls a Decentralized Autonomous Organization (DAO), the answer is quite nuanced. Fundamentally, a DAO is governed not by a single individual or centralized entity, but rather by the collective will of its members. The governance structure of a DAO typically involves token holders voting on proposals, often through the use of smart contracts. This voting process determines the direction and decisions of the DAO, from allocating funds to appointing new members. However, it's important to note that the control is ultimately decentralized, meaning no single individual or group has absolute authority. The power rests in the hands of the token holders who participate in the governance process.
5 answers
WhisperVoyager
Fri Jun 28 2024
These protocols function autonomously, governed by the members themselves.
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ethan_carter_engineer
Fri Jun 28 2024
The club is administered transparently by its members, utilizing proposals and votes that are openly accessible to all.
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IncheonBeauty
Fri Jun 28 2024
This system, known as a DAO (Decentralized Autonomous Organization), provides a framework for organizing the club's operations.
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Michele
Fri Jun 28 2024
This approach ensures that every decision is visible and accountable to the community.
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KDramaLegendaryStarlight
Fri Jun 28 2024
Rules within the club are enforced automatically through coded protocols.
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