Cryptocurrency Q&A Who controls a DAO?

Who controls a DAO?

lucas_emma_entrepreneur lucas_emma_entrepreneur Thu Jun 27 2024 | 5 answers 1352
When it comes to the question of who controls a Decentralized Autonomous Organization (DAO), the answer is quite nuanced. Fundamentally, a DAO is governed not by a single individual or centralized entity, but rather by the collective will of its members. The governance structure of a DAO typically involves token holders voting on proposals, often through the use of smart contracts. This voting process determines the direction and decisions of the DAO, from allocating funds to appointing new members. However, it's important to note that the control is ultimately decentralized, meaning no single individual or group has absolute authority. The power rests in the hands of the token holders who participate in the governance process. Who controls a DAO?

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