Why DAO? : The Problem With Traditional Governance - Deepstash

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Why DAO? : The Problem With Traditional Governance

Why DAO? : The Problem With Traditional Governance

hackernoon.com

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In innovative business, there is no place for bureaucracy, and decision-making is lightning fast. If you are late, a competitor comes along and steals the show - I mean, money.

Hence, traditional forms of governance usually assume numerous layers of management for the coordination and enfo...

A minor bug in an application on Ethereum led to the loss of 3.6 million ETH (the equivalent of $70 million at the time).

The Ethereum community reacted quickly and regained control: it presented multiple proposals to deal with the exploit. As a result, they froze the tokens leaving the ha...

Aragon protocol enables a plug-and-play process of creating and managing decentralized organizations. Communities get a powerful tool to organize themselves around capital assets, currency, or tokens. The latter can increase in value as more people hold and use t...

Open tokenized governance gives a lot of opportunities for developers (DApps creators) and users (token holders).

DAO assists developers and entrepreneurs with user communication, regular feature updates, and necessary funding.

For early adopters, it can be considered as a long-term...

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