What's a Decentralised Autonomous Organisation (DAO). After mainnet release, DMD v4.
06 Aug 2022, 13:24
🗣️ What's a Decentralised Autonomous Organisation (DAO)?
After mainnet release, DMD v4.1 upgrade would come with transition to the Decentralised Autonomous Organisation (DAO). The core content of the upgrade would be an on-chain governance system that interacts with the POSDAO for voting rights.
So, what's Decentralised Autonomous Organisation (DAO)?
DAO is a decentralised organisation that functions autonomously and is governed by a set of computer (smart contract) codes and programs. The written smart contract codes run on a blockchain. They are responsible for powering the governing system of a DAO, without any form of intervention from central authority.
DAOs are run by a community of stakeholders i.e members, and they get incentivized via a native token system of such ecosystem. They have built-in features that are only accessible with the approval of the native members. All decisions are made via an agreed proposal through a voting system.
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06 Aug 2022, 13:31
DMDv4.1 comes with transition into DAO. Click the link below to know what Decentralised Autonomous Organisation (DAO) means👇
DMDv4. 1 comes with transition into DAO. Click the link below to know what Decentralised Autonomous Organisation (DAO) means.
DMDv4.1 comes with transition into DAO. Click the link below to know what Decentralised Autonomous Organisation (DAO) means👇
https://t.co/8aUTUG6iR7