'Decentralized Autonomous Organizations or DAOs Are The Future of Management: An Overview' by xdaoapp dao decentralizedgovernance
We understand DAO as a fully transparent and public organization. Due to the fact that any action on the blockchain network and any data recording is accompanied by a gas fee, complete on-chain transparency becomes an expensive privilege for the DAO.. Off-chain voting could become an issue if there is an urgent need to make a hard-fork of the current state of the protocol. If it happens, all off-chain data will be lost.
In total, this vote will take 12-15 minutes. Now let’s imagine that we have not 2 but 200 members. We will have to spend about 10 hours assuming that all participants would vote instantly! And if we wanted to speed up this vote by increasing the gas allowance, the vote would become very expensive.
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