Is bitcoin a dao

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A DAO (pronounced dow) is a new kind of organizational structure, built with blockchain technology, that is often described as a sort of crypto. While Bitcoin was the first instance to be identified as a DAO, a few hundred more have then been created since (e.g., Ethereum, Litecoin). The Bitcoin blockchain created the first Decentralized Autonomous Organization (DAO), an organization that is solely operated by rules encoded.

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Operational [ citation needed ]. On-Chain Governance: Definition, Types, vs. However, we should be cautious and skeptical about the mirage offered by many technologies that proport to decentralize. Being fully democratized, no one party has the ability to alter the DAOs governance.

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