STON.fi Blog

Cryptocurrency space is filled with a large number of projects and sprawling ecosystems. Some of these systems have legal entities that are registered in their respective jurisdictions. Others exist purely as digital entities that have no centralized form of government. When decentralization becomes the centerpiece of an entity’s management, the only way to reach decisions is through consensus among its participants. This is where the concept of the DAO – the decentralized autonomous organization comes into play. What Is a DAO? At its most basic, a decentralized autonomous organization is an approach to management that revolves around t