Less than 1% of all holders have 90% of the voting power in DAOs: report By Cointelegraph

Less than 1% of all holders have 90% of the voting power in DAOs: report

Cryptocurrency Jun 27, 2022 09:00AM ET

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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.

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Less than 1% of all holders have 90% of the voting power in DAOs: report

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