🔶 What is a DAO — in simple terms
A DAO (Decentralized Autonomous Organization) is like a club with shared interests, but on the blockchain and without bosses.
Here’s how it works:
— Instead of a director — a smart contract (a program on the blockchain).
— Instead of an office — a decentralized network.
— Instead of "top-down decisions" — participants vote. The more tokens you have, the more votes you get.
— All decisions are transparent: you can see who voted how and where the money goes.
— DAOs are often created to manage crypto projects, NFT communities, or DeFi protocols.
Examples: Uniswap, MakerDAO, Arbitrum — all of them are governed through a DAO.
A DAO is not about chaos, but about rules encoded in code. Decisions are made collectively, not behind closed doors.
Historical fact: the first DAO (it was called The DAO) appeared in 2016 and immediately raised $150 million. But a vulnerability was found, and a hack occurred. Since then, security has become a priority.
Do you want me to tell you how to create a DAO yourself?
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