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A decentralized autonomous organization (DAO) is a management structure that uses blockchain technology to automate some aspects of voting and transaction processing.
In the journey of decentralization, the creation of Bitcoin gave us decentralized money, and Ethereum gave us decentralized computing. The next logical step, and arguably one of the most profound innovations of Web3, is the Decentralized Autonomous Organization (DAO). DAOs are an evolutionary leap in organizational structure. Unlike traditional companies—which are governed by a CEO, […]
After Arbitrum published its own token, which got off to a great start, the scaling solution received a lot of criticism. Now the developers want to fix everything and are releasing two new proposals that the user community can vote on. The votes are intended to democratize the protocol. Arbitrum publishes AIP-1.1 and AIP-1.2 Arbitrum’s own token […]
Why should you turn a company into a DAO and how does the modern, decentralized company model work? Bitcoin veteran Erik Voorhees made this move with an established operation. Now he explains his decision. 2021: Voorhees’ ShapeShift becomes a DAO Bitcoin veteran Erik Voorhees founded and ran a swapper called ShapeShift. Services of this type usually allow their […]