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The Relationship between Blockchain and Bitcoin
Bitcoin is a representation of blockchain, but blockchain is not the same as Bitcoin. Blockchain is the underlying technology and infrastructure of Bitcoin, and Bitcoin is one of the relatively successful applications of blockchain, but it does not mean that blockchain can only be applied to Bitcoin.
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The Introduction to Blockchain DAO Governance Process
In fact, blockchain and smart contracts are governance technologies that provide a higher level of transparency while also reducing bureaucracy through self-executing code, which can minimize an organization's existing principal-agent dilemma and subsequent moral hazard.
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