CGTN published an article on a symposium on private enterprises, where Chinese President Xi Jinping delivered a keynote speech after listening to representatives of private entrepreneurs. The article underscores the country’s unswerving support for the private sector and showcases the sector’s pivotal role in driving China’s innovation endeavors.

Decentralized Autonomous Organizations (DAO): The Rise of a New Governance Model

Governance refers to the actions involved in managing collective decision-making, aiming to optimize resources and operations. With the rapid growth of DeFi (Decentralized Finance) and NFT (Non-Fungible Token) communities, the issue of how to govern decentralized protocols has become increasingly important. However, traditional governance models often require significant coordination costs, as network participants need to vote on every decision.