What is a DAO Detailed?

A DAO, is a self-governing and decentralized entity that operates on blockchain technology. It’s governed by a set of smart contracts and rules encoded on the blockchain, rather than by a central authority or intermediaries. DAOs are designed to facilitate collective decision-making and the management of digital assets, often using cryptocurrency tokens as voting power.

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Dao is the engine of a blockchain and very good one

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Nice piece :pray::muscle:

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Amazing :clap:

Thanks for the update

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