Cryptocurrencies

Bitcoin's new innovation wave focuses on DAOs

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After the emergence of ordinals, BRC-20 tokens, and the recent introduction of Runes, the future of innovation on the Bitcoin (CRYPTO:BTC) network is poised to focus on Decentralized Autonomous Organizations (DAOs), according to Aisling Connolly, the Senior Research Scientist at Dfinity Foundation.

Connolly underlines that the Bitcoin technology has evolved to a point where it is now adequately equipped to support DAOs, paving the way for a new chapter in its development.

This assertion points to a significant shift in the application and utility of Bitcoin, signaling a move towards leveraging its infrastructure for more complex and autonomously governed systems.

The focus on DAOs represents not only a technological advancement but also a potential change in how Bitcoin's blockchain is perceived and utilised in the broader digital ecosystem.

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