What is DAO?
What are some benefits of DAO?
DAO is a concept which brings together the best of blockchain. Being Open Source and Trustless, DAO offers complete transparency to its users.
- DAO is an entirely open-source platform. Meaning that anyone is welcome to participate in its development and give insights into the platform’s improvement. DAO is available to developers from all around the world because it’s dependable being an open source system.
- Another benefit of DAO is that you do not need any person of authority to make decisions for you. DAO is called trustless because it is based on the network’s collective interests since it is not based on any one person. In case, an essential member of the developing team quits working or there’s an issue with the funding, the DAO organisation would have no major impact on itself.