DAO and Bitcoin
_ Similarity: Bitcoin is considered as a DAO, because it operates according to the decentralized and non-classified criteria like DAO. It ensures that different participants can mutually work to keep Bitcoin operating as a decentralized autonomous organization.
_Difference: Bitcoin’s goal is to store and convert the value without being controlled by a central entity, the buying and selling of Bitcoin become simpler and safer at the reputable exchanges. Meanwhile DAO is somewhat more complicated and is implemented in different use cases such as Token governance, decentralized adventure investment funds, social media platform, devices or device’s operation coordination connected with IoT.
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