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Ethereum the best blockchain to form a DAO

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The crypto community and industry have chosen Ethereum as the chain of choice for most blockchain-based decentralized applications

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But other chains may be better suited to handle the workload for decentralized autonomous organizations (DAOs).

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Technical advantages and cheaper transactions have yet to become a major pull factor from Ethereum Virtual Machine (EVM) chains

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EVM compatibility enables a network to use Ethereum’s security features.

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Ethereum (ETH) and its compatible chains have a clear advantage in the number of DAOs compared to any other.

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They house more than 4,200 DAOs and protocols requiring governance participants according to data from blockchain voting platform Snapshot.

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Ethereum is too expensive for voting purposes and was designed to be a “general-purpose blockchain” to handle any number of different tasks

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Ethereum’s leg up over the rest may be due to simple, yet practical reasons, according to DAO tracker DeepDAO

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Ethereum’s dominance to the fact that it is “the chain where the DAO movement started

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Top 10 most-trusted cryptocurrency wallets to safeguard saving

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