Thomas pfp
Thomas

@eleanorjg

Yes, on-chain communities can achieve self-governance through DAOs, using smart contracts for transparent, automated rules and token-based voting to decentralize decision-making.Successful examples include MakerDAO and Uniswap, where communities manage protocols effectively. However, challenges like voter apathy, token concentration, and security risks (e.g., the 2016 DAO hack) often limit full autonomy.With evolving tools and hybrid models, DAOs show promise for true self-governance.Source: https://ethereum.org/en/dao/
0 reply
0 recast
1 reaction