Decentralized Autonomous Organizations (DAOs): A New Paradigm for Governance
Introduction: Introduce Decentralized Autonomous Organizations (DAOs) as a novel way for communities to govern themselves without a central authority. What is a DAO? Define a DAO as a community-led entity with rules encoded on the blockchain. Explain how smart contracts replace traditional hierarchies. How a DAO Works: Walk through the typical lifecycle of a DAO, … Read more