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DAO Development Company
About DAO

Digital Decentralized Autonomous Organization

Digital decentralized autonomous is the organization that is characterized by Blockchain technology to supply a secure digital ledger for tracking online financial transactions. This method eliminates the necessity for a mutually approved trustworthy third party to be involved in a financial transaction, simplifying it. The absence of a trusted third party and the necessity for a recurrent recording of contract exchanges in different records might significantly reduce the expenses of a blockchain-enabled transaction and the associated data reporting.

A Decentralized Autonomous Organization (DAO)

Digital decentralized autonomous is a self-contained society that does not require outside assistance to function. DAO engaging entails a group of people engaging with one another using an open-source protocol that is self-enforcing. A DAO’s members aren’t tied together by a legal body and they haven’t signed any formal legal contract. DAO’s currently progressed up the technology stack from blockchain protocol to smart contract with the introduction of the ethereum network. Previously, creating a DAO required a blockchain network with an attack-resistant consensus system but however smart contracts made DAO development simple and programmable.

INDIC-CHAIN

is a leading company for development of smart contracts and provides audit solutions focused on the security and solidity of the product.

Features of DAO

  • There is no one legal entity.
  • Code that is self-enforced.
  • Validators are rewarded with tokens as an incentive.
  • It is a decentralized system

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