DAO
About this publication
Blockchain24 publishes a short guide to decentralized autonomous organizations (DAOs): their structure, governance mechanisms, and practical uses. It explains how DAOs make decisions through smart contracts and token-based voting.
Dmitry Kotov's role
Dmitry Kotov comments on DAO governance models, drawing on his blockchain consulting work to explain how decentralized organizations coordinate resources and make collective decisions.
Background
Blockchain24 covers distributed-ledger technology in Russian. DAOs — decentralised autonomous organisations — were at their peak of attention when this ran, with treasuries in the billions and governance conducted by token vote.
The structure is straightforward to state and hard to make work. Rules live in a smart contract, the treasury is held on-chain, and holders vote on proposals. In practice, participation collapses to a small fraction of holders, voting power concentrates where tokens concentrate, and the questions that matter most — hiring, strategy, whether to spend at all — are the ones a vote handles worst. The experiments that survived narrowed their scope to what an on-chain vote can actually decide: protocol parameters and treasury allocations, not management.
Originally published on blockchain24.pro in Russian.
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