Despite Growth, Survey Finds Lack of Crypto & DAO Knowledge DAOs will become a crucial tool for managing online communities and democratising blockchain initiatives as the decentralised finance sector expands. DAOs are a brand-new, more effective way to manage and administer online communities. DAOs are governed by lines of code in contrast to typical community platforms, which are administered by a central body such as a board of executives or other groups. On the blockchain network, this code is encrypted with all of the fundamental community rules, including money management and dispute resolution.
When particular conditions are satisfied in the network, smart contracts will automatically carry out these rule mechanisms.
