DAO Development Company
blockchainx
What is a DAO?
DAO Development Services We already told you what DAO means, which in Spanish translates: Decentralized Autonomous Organization. But, to understand what exactly this concept refers to, let’s break it down word by word:
Characteristics of a
DAO Now that we know what a DAO is, let’s see its main characteristics: DAO Development Company One of the characteristics of a DAO that best represents what this new concept means is its autonomy. A DAO can execute operations automatically and autonomously, without any external intervention. Goodbye, banks, private entities or governments!
It is based on Smart Contract : For a DAO to be effective, the first thing that is needed is to have a set of rules or norms that regulate how the organization will function. DAO Platform Development For these rules to be taken as valid, they must be encoded as a smart contract (Smart Contract).According to Professional Review , a Smart Contract is made up of a series of digital agreements that must be complied with and that are based on specific rules.
contact@blockchainx.tech
WEBSITE : https://www.blockchainx.tech/dao-development-company MAIL :
COMPANY : BLOCKCHAINX