Decentralized Organizations are entities structured without a central governing authority, instead relying on rules encoded in smart contracts on a blockchain. Participants typically govern these structures through token-based voting mechanisms. This distributed control aims to increase transparency and resistance to censorship.
Context
The current state of Decentralized Organizations, often termed DAOs, involves ongoing experimentation with various governance models and operational frameworks. A key debate surrounds their legal status and liability in different jurisdictions. Future developments will focus on enhancing their scalability, security, and real-world applicability while navigating evolving regulatory landscapes.
New ownership coin primitive eliminates the structural rift between on-chain token governance and off-chain legal entities, securing a coherent organizational design.
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