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Are DAOs Really Decentralised?

Decentralised autonomous organisations (DAOs) were designed to allow communities to make decisions through blockchain-based governance rather than relying on a central authority. In practice, voting power can sometimes be concentrated among a small number of large token holders, raising questions about how decentralised these organisations really are. Do DAOs represent a genuine alternative to traditional corporate governance, or are they simply creating a different form of centralisation?
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