DAO - Decentralized Autonomous Organization Explained | What is a DAO | Intellipaat
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In this video on What is a DAO, we will explore the concept of Decentralized Autonomous Organizations, commonly known as DAOs. A DAO is a type of organization that is run on a decentralized blockchain network, where decision-making processes and actions are governed by smart contracts, rather than a central authority.
We will discuss how DAOs operate, how they are different from traditional organizations, and the benefits they offer. We will also explore some real-world examples of DAOs, including their use cases and potential future applications.
This video is perfect for anyone who wants to understand the concept of DAOs and how they are changing the way we think about organizations and governance. Whether you are a blockchain enthusiast, a startup founder, or simply curious about the future of organizations, this video will provide you with valuable insights and knowledge. So sit back, relax, and join us on this exciting journey into the world of decentralized autonomous organizations.
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👉Following topics are covered in this video:
0:00 - Introduction
1:29 - What is DAO?
3:27 - Understanding DAO
4:53 - How does DAO Works?
6:20 - Some DAOs to Checkout
9:34 - Criticism of DAO
13:19 - Future of DAO
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