What is the purpose of a “DAO” (Decentralized Autonomous Organization) in the context of blockchain?

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In this guide, you’ll learn the answer to “What is the purpose of a “DAO” (Decentralized Autonomous Organization) in the context of blockchain?” in Marina Protocol.

What is the purpose of a “DAO” (Decentralized Autonomous Organization) in the context of blockchain?

Question: What is the purpose of a “DAO” (Decentralized Autonomous Organization) in the context of blockchain?

Answer: To enable decentralized governance and decision-making.

Further reading

Which blockchain platform uses the term “sharding” to refer to the process of partitioning the network to improve scalability?

What is the term for a situation where a cryptocurrency undergoes a significant and often sudden decrease in value?

Which blockchain platform is designed for the creation of decentralized applications (DApps) with a focus on scalability and low transaction fees?

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