Hector Network Fight Focuses on Efficacy of DAO Governance

CoinDesk published this video item, entitled “Hector Network Fight Focuses on Efficacy of DAO Governance” – below is their description.

Community members of decentralized finance (DeFi) project Hector Network met on Discord early Thursday to discuss its possibly more centralized future. On hand was project leadership, a lawyer, and tens of HEC token holders – many of whom were skeptical of a plan they feared would dilute their influence over how Hector runs. CoinDesk attended the call. “The Hash” panel discusses the key takeaways and the legal considerations of internet-native organizations.

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CoinDesk is a news site specializing in bitcoin and digital currencies. The site was founded by Shakil Khan and was subsequently acquired by Digital Currency Group.

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A decentralized autonomous organization, sometimes called a decentralized autonomous corporation, is an organization represented by rules encoded as a computer program that is transparent, controlled by the organization members and not influenced by a central government.

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