DarkFi Anonymous On-chain DAO on Bitcoin Experiment

By Novasky | DevPress | 14 Aug 2024


DAO is one of the best things that happened to many metaverses and games. Some even used it for the token governance. And though there are some of the issues of the DAO, the code and the people who govern are continue to evolve. And this has been the case with the token governance for most of the chains. Bitcoin has one such DAO being proposed on the layer. And this is going to be a anonymous on chain DAO. 

Amir Tankee is one of the developer who proposed this experiment. And we are going to see some really good results out of such proposal getting the funds for the design there. 

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This is going to change the way the blockchain DAOs work. Like say such DAO can make it easier for the chains to designs and also make the better results with the governance too. As we are seeing the commercial chains are centralized and also there seems to be the chains that harvest the data. And so the privacy is one of the issue in such governance. 

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New DAO architecture seems to be addressing some of the known loopholes. So for time being as the chain evolves we would be getting some really good changes we would see if there are proposals being done there. Let's hope that we are going to see the final project soon enough. 

You can read more about the DAO concept for bitcoin, check here

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Novasky
Novasky

Crypto Blogger and Open Source Developer.


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