The Tokamak network recently announced the launch of its decentralized autonomous organization (DAO) for the governance of decentralized apps (dApps) on the Ethereum ecosystem. Bringing in the new wave for a decentralized future, the Tokamak Network has made this announcement of launching its DAO in a relatively short time. As a blockchain platform, Tokamak is credited for developing the first Turing-complete Ethereum-based plasma chain blockchain. With the DAO launch, Tokamak will create a more tangible environment for Ethereum dApps.
As of early 2021, Tokamak has successfully rebranded its on-demand layer-2 platforms. It can synchronize these platforms together with various Ethereum dApps. As the DAO begins its operations, these solutions will add scalability and extensibility to the Ethereum dApps. They will combine multiple blockchain solutions under one umbrella. The Tokamak platform will also allow blockchain developers to access dApp tools easily. With this, upcoming projects on the Ethereum blockchain will not require the development of dApps from scratch. The DAO will enable developers with access and deployment of existing dApp tools such as libraries and codex, particularly the ones built with the Tokamak protocol.
Tokamak DAO Governance to Simplify Ethereum dApp Development
The Tokamak DAO will allow governance functionalities to developers while building Ethereum dApps. They can now run their dApps on their plasma blockchain. Similar functionalities will be enabled to develop Ethereum dApps on the main blockchain. The main chain, consequently, will become less congested when the DAO provides the necessary scalability for these new Ethereum applications.
This announcement also makes the Tokamak Network an aggregator of its layer-2 scaling solutions. It opens doors to other projects where the goal is increasing the scalability of Ethereum dApps. The DAO launch will also encourage the mass adoption of Ethereum solutions. Developers from upcoming ETH projects will be able to deploy their products with Tokamak’s layer-2 solutions. This will eliminate the hassle of switching between multiple dApp development protocols.
As an on-demand platform, the Tokamak Network is also leveraging this DAO launch to unlock new ways of teaming up with different blockchain players. It will be working on developing scalable solutions and sharing resources to synergize Ethereum dApps on other blockchain ecosystems. It will help developers in accelerating their development process and delivering solutions faster at affordable costs. Its token cryptocurrency, TON, is set to gain traction as Tokamak DAO goes public in the coming weeks.
Tokamak Network Launches DAO Beta Version
This launch marks the deployment of the beta version of Tokamak Network DAO. With this beta DAO, the platform enables the public to take part in the Ethereum ecosystem and help Tokamak in decision-making. Tokamak DAO also introduces BetaTON tokens for Ethereum holders. It aims to exert its influence on the future of dApp operations. It helps developers with various issues, from economic-related to technically-challenged. More specifically, all TON holders can benefit from the inflated rates and the simple issuance procedures of buying these tokens. They can also benefit from Tokamak’s flexible staking conditions and recent protocol upgrades.
Tokamak’s DAO launch is also a timely representation of Ethereum dApps in the crypto space. The Tokamak Network DAO is also expected to change the way the blockchain industry functions, particularly while syncing up platforms with layer-2 solutions. The Tokamak DAO aims to leverage its blockchain technology to foster Ethereum dApp projects with multiple layer-2 solutions.