Cryptocurrency News
Less than 1% of all holders have 90% of the voting power in DAOs: report
2022.06.27 23:05
Less than 1% of all holders have 90% of the voting power in DAOs: report
Decentralized autonomous organizations (DAOs) have become a rage in the ever-expanding crypto ecosystem and are often seen as the future of decentralized corporate governance.
DAOs are organizations without a centralized hierarchy, intended to work in a bottom-up manner, where the community collectively owns and contributes to an organization’s decision-making process. However, recent research data suggests that these DAOs are not as decentralized as it was intended to be.