What Is DAO: Explained In 5 mins With Animations || Crypto Crash Course

Описание: What Is DAO: Explained In 5 mins With Animations || Crypto Crash Course
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A bottom-up entity structure without a centralized management structure is known as a decentralized autonomous organization or DAO. Members of a DAO can vote on projects for the entity and hold DAO tokens. The DAO uses smart contracts, and the code controlling its functioning is made available to the public.

A DAO is designed to enhance the conventional management structure used by many businesses. A DAO aims to provide each member a voice, a vote, and the chance to suggest projects rather than relying on a single person or small group of people to decide the path of the business. A DAO aims to have strong governance that is controlled by blockchain code.

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