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dalenys.eth
May 8

The Next Big Thing in Crypto is DAOs

What is a DAO?A DAO (or a Decentralized Autonomous Organization) is an online community with decentralized rule enforcement. Take any online community — a forum, an MMORPG, or your friend group chat. Make sure that no one person can tamper with the rules without community agreement. And you have a DAO. For subreddits, rule enforcement is not decentralized because a single mod could wield all the power. That mod could:admit anyonekick anyone outpromote anyone to a moderatorban users with no re...
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