How does DAO crypto differ from traditional cryptocurrencies?

1 answers

• Jan 13, 2022 · 3 years ago
  DAO crypto, as the name suggests, is based on the concept of a decentralized autonomous organization. This means that decision-making and governance are carried out by the community through voting and smart contracts, rather than being controlled by a central authority. Traditional cryptocurrencies, on the other hand, are usually governed by a centralized entity or foundation. DAO crypto also often includes decentralized finance (DeFi) features, which provide additional financial opportunities for users. These features are not typically found in traditional cryptocurrencies.
  581291