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Versailles Heroes
As blockchain technology continues to evolve, new organizational concepts have been proposed by the community, and as such, DAOs have become the primary method to conduct governance through a series of proposals where members can vote through the blockchain.
A DAO, also known as a decentralized autonomous organization, together with smart contracts form the building blocks of governance, allowing members of a collective to easily create new and various structures within an organization.
Today's traditional organizations are expensive to create and take a long time to setup, while the cost of creating a DAO has proven to be much more inexpensive and simpler than traditional organizations.
Last modified 1yr ago