Alchemy is a friendly interface and decentralized budgeting application for organizations built on top of DAOstack. It is an interface that enables thousands of individuals to coordinate towards a common purpose, by proposing and deciding on how to spend funds in alignment with their goals and values. Some example use cases for Alchemy and its emerging DAO ecosystem include decentralized venture funds, charitable funds, innovation funds, a budget proposal system, or prioritizing features for an open-source project. Alchemy is proudly open-source, open to new contributors, and built on top of the Ethereum blockchain.
Decentralized applications (dApps) are digital applications or programs that reside and execute on a blockchain or peer-to-peer network of computers rather than a single computer and are independent of any single authority's control. At Cryptoknowmics, you will get all the information you need to know about Dapps and their use cases.
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