What is Blockchain DAG (What does DAO mean in Blockchain)

What is Blockchain DAG? Blockchain DAG is a tool that provides governance services for organizations, used to manage, allocate, and execute decisions on public products and services. Blockchain DAG is a distributed ledger technology platform built on top of DAO, aimed at promoting business development by creating a transparent and interoperable marketplace.

According to Liu Changyong, founder of DAG Alliance, the “Blockchain Voting System” based on the underlying architecture of EOS is initiated by EOS super nodes and consists of numerous core members, including the front-end supplier Hyperledger Fabric of EOS mainnet and the major enterprises in the EOS ecosystem, such as Hyperledger Besu.

What does DAO mean in Blockchain

DAO in Blockchain stands for “Decentralized Autonomous Organization,” which is a collective organization or alliance where every individual has their own community or consortium.

This organization consists of four parts:

1. Membership committees, management committees, and governing bodies; 2. Decision-making processes.

When you see these contents on your website, you will receive some prompts, such as posting/tweeting information, etc. But if you don’t do these, it means there needs to be a collective group to lead or supervise the project, and there is work to be done! So you can see a lot of information like this online, but it cannot be directly applied to anyone because most people do not have the rights to participate in the operation and governance of the project. If you want to become part of a community, you need to collaborate in various ways to gain more rewards and value for yourself and help others achieve their common goals and dreams.