The interplay between DAO entities and smart contracts forms a critical foundation for decentralized governance. DAOs operate on blockchain technology, utilizing smart contracts to automate decision-making and enforce rules without intermediaries. This symbiotic relationship allows for transparent, secure, and efficient operations, where governance, treasury management, and proposal execution are carried out through smart contracts. The legal implications of integrating smart contracts into DAOs remain a challenge, but frameworks like those provided by MIDAO are helping bridge the gap between decentralized structures and legal recognition.
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Understanding the Interplay Between DAO Entities and Smart Contracts
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