1. Decentralisation
Decentralisation and decentralised networks can be compared to the ocean – it offers endless possibility and freedom of choice. Decentralisation puts the power in the hands of many; distributing the power among all the members of the community (or network).
12. Decentralised autonomous organisations (DAO)
A DAO is like a well-built boat – made to conquer the unknown. DAO is a new organisation form where the management and operational rules of the organisation are typically encoded in the form of smart contracts on the Blockchain. It (the DAO) can operate autonomously with limited central authority or management hierarchy.
EVM
VMs can run on many different types of OS’s and hardware, making them the perfect engine for a decentralized ecosystem.