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1. Decentralized autonomous organization crypto What is a DAO? on May 22, 2022 I am sure this is something new to hear when we say DAO but trust me this is one of the best ways of doing business in this modern time. Before we go into more detail about DAO DAO (Decentralized Autonomous Organization) you need to understand the concept behind this. So I am not going to share what exactly this is but I am going to share the same info in form of an example; which will help you to understand each and everything about this and how they function. I am sure everyone has seen the Vending machine and how its works but I am sure you will be going to agree. The vending machine does not work automatically as we don’t have such a system which full 몭ll the human need.  To run this machine successfully there are a few things that humans need to take care of, which machines can’t do on this own. Such as; 1.       Paying the electricity bill 2.       The product is on display if that goes low someone needs to check and order one and then restock the product. 3.       When you order the product you need to pay for that, so you can use the money credited in Vending machine for the same.

2. This process we need to keep doing to run the machine perfectly. So, without the involvement of humans, this process won’t work successfully. Now I will share what is DAO, in simple terms, DAO is nothing but a code that is run by people in organizations who run DAO (Decentralized Autonomous Organization Decentralized Autonomous Organization). When I say DAO is nothing but code, so you will be assuming what is “CODE. So I am going to explain that in a simple form for better understanding. As I shared above a simple example of Vending Machine all the work inside that machine is automatic but the place where you need the involvement of a human is known as CODE (task) or code created by a human or given to a human. Because there are few places humans can’t be replaced by machines or Robots. Just for more clari몭cation, I am sure you might have heard a lot about this Big-name such as Apple, Walmart, Net몭ix, etc. and if you know how they work good but this is for those who might not know what exactly to do when they come to some decision or conclusion. You also are thinking about how this big-name becomes part of a decentralized autonomous community decentralized autonomous community. When they meet, they do a discussion on the topic with all they do and don’t and at

3. the end, they come to conclusion by Voting and this is also known as a decision. Once the decision is out they pass on that ahead to CEO and then his job is to make sure the decision is followed as per plan. Hope they share details that are all clear, how DAO works actually. Conclusion: But in DAO there is no CEO instead once the decision is made the code of the platform gets changed as discussed. So this change starts to get into e몭ect immediately. To leave a comment, click the button below to sign in with Google. SIGN IN WITH GOOGLE

4. Popular Posts What is a DAO in Crypto? In our previous article, I shared what is DAO and how it actually this work. So if you are interested to know more or if you want to be part of DAO but you are not sure where you start from, then you can join Binance.  This is one of the revolutionary blockchain-based platforms this also gives you …

5. What's a Crypto DAO? Most of us might not be aware of the term crypto Dao yet; we are guessing some could say What is a crypto DAO anyway? To answer the question of whether know what a crypto Dao is, let's START WITH THE TOP. In layman's terms, (crypto is the method wherein credit transactions are … Powered by Blogger