What Does DAO Mean?
Decentralized Autonomous Organizations (DAOs) are revolutionizing how communities and businesses operate. But what does DAO mean in simple terms? Think of it as a digital organization governed by smart contracts, where decisions are made collectively rather than by a central authority. No CEOs, no boardrooms—just code and community-driven decision-making.
Sounds cool, right? But while DAOs are exciting, they face significant challenges, especially when it comes to scalability and mass adoption. Let’s dive into the hurdles standing in the way of a DAO-powered future.
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