How does DAO crypto differ from traditional cryptocurrencies?
David DidenkoJan 22, 2023 · 3 years ago1 answers
What are the main differences between DAO crypto and traditional cryptocurrencies?
1 answers
- Henrik GranumMay 08, 2024 · a year agoDAO crypto, as the name suggests, is based on the concept of a decentralized autonomous organization. This means that decision-making and governance are carried out by the community through voting and smart contracts, rather than being controlled by a central authority. Traditional cryptocurrencies, on the other hand, are usually governed by a centralized entity or foundation. DAO crypto also often includes decentralized finance (DeFi) features, which provide additional financial opportunities for users. These features are not typically found in traditional cryptocurrencies.
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