Ethereum the best blockchain to form a DAO

masterfreakgaming.com

Written By

masterfreakgaming.com

The crypto community and industry have chosen Ethereum as the chain of choice for most blockchain-based decentralized applications

Written By

masterfreakgaming.com

But other chains may be better suited to handle the workload for decentralized autonomous organizations (DAOs).

Written By

masterfreakgaming.com

Technical advantages and cheaper transactions have yet to become a major pull factor from Ethereum Virtual Machine (EVM) chains

Written By

masterfreakgaming.com

EVM compatibility enables a network to use Ethereum’s security features.

Written By

masterfreakgaming.com

Ethereum (ETH) and its compatible chains have a clear advantage in the number of DAOs compared to any other.

Written By

masterfreakgaming.com

They house more than 4,200 DAOs and protocols requiring governance participants according to data from blockchain voting platform Snapshot.

Written By

masterfreakgaming.com

Ethereum is too expensive for voting purposes and was designed to be a “general-purpose blockchain” to handle any number of different tasks

Written By

masterfreakgaming.com

Ethereum’s leg up over the rest may be due to simple, yet practical reasons, according to DAO tracker DeepDAO

Written By

masterfreakgaming.com

Ethereum’s dominance to the fact that it is “the chain where the DAO movement started

Written By

masterfreakgaming.com

Top 10 most-trusted cryptocurrency wallets to safeguard saving

Written By

masterfreakgaming.com