BLOCKS considers how vital processes can be successfully run in a decentralized manner — that is, as a protocol owned and operated by a community of users.
BLOCKS Tokenized community will be the launching point for its DAO, segmenting the token holders into tiered groups based on their BLOCKS holdings. Various value offerings will be allotted at each tier.
BLOCKS will be implementing voting and polls weighted by tier inside this structure as a precursor to “on-chain” voting and proposal submission.
BLOCKS is the world’s first DAO LLC that runs on a peer-to-peer software backbone, thereby empowering groups of vetted participants to make non-hierarchical decisions about shared resources (e.g. fund allocation).
BLOCKS has the potential to change the world by making collaboration radically more accessible, direct, and scalable.
BLOCKS applies a fully de-centralized governance model in terms of the following:
BLOCKS will also develop a multi-sig treasury.
Multi-signature (a.k.a. “multisig”) wallets are cryptocurrency wallets that require two or more private keys to validate and send a transaction.
Multisig can mitigate the hazards of dealing with digital bearer assets, where transactions are irreversible.
Multi-signature proponents argue that multisig is the most secure and fail-proof way to store cryptocurrencies. Even if an intruder is (theoretically) able to identify one of your wallets, he still won’t be able to access your account without the keys to the other wallets in the setup.
Multi-signature wallets enjoy much more credibility in the digital ecosystem. They are thus a highly secure alternative for managing crypto funds and conducting crypto investment activities easily, quickly, and safely. If used properly, multisig wallets provide numerous useful applications that make cryptocurrencies more appealing, useful, and secure.
DAOs are one of the most innovative developments in the cryptocurrency space. Investors should follow them and their related governance tokens closely.
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