DAO (Decentralized Autonomous Organization)
An organization represented by rules encoded as a computer program that is transparent, controlled by the organization members and not influenced by a central government.
An organization represented by rules encoded as a computer program that is transparent, controlled by the organization members and not influenced by a central government.
A DAO, or Decentralized Autonomous Organization, is an organization that is run by smart contracts on a blockchain, which enforce the rules of the organization. It allows for automated, transparent management of the organization, with decision-making powers usually distributed among token holders.
Participating in a vote in the MakerDAO, a type of DAO.
