Is Ethereum really the best blockchain to form a DAO?

in #hopdh • 2 years ago

Ethereum dominates as the preferred blockchain for DAOs, but a case is being made for other chains that may be more appropriate.

The crypto community and industry have chosen Ethereum as the preferred chain for most blockchain-based decentralized applications, but other chains may be more suitable for decentralized autonomous organizations (DAOs) to handle the workload.

Technological advantages and cheap transactions from the Ethereum Virtual Machine (EVM) chain are still a major pull factor. EVM compatibility enables a network to use Ethereum's security features.

Ethereum (ETH) and its compatible chains have a clear advantage over DAO numbers in comparison to any other. According to data from the blockchain voting platform Snapshot, they have more than 4,200 DAOs and protocols that require governance participants.

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2 years ago in #hopdh by
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