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How does DAO crypto differ from traditional cryptocurrencies?

avatarDavid DidenkoAug 08, 2023 · 2 years ago1 answers

What are the main differences between DAO crypto and traditional cryptocurrencies?

How does DAO crypto differ from traditional cryptocurrencies?
DAO Crypto
Traditional Cryptocurrencies
Differences

1 answers

  • avatarHenrik GranumFeb 14, 2021 · 4 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.

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