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What is a DAO in Crypto? (Decentralized Autonomous Organization)

July 17, 2021 8:21 534

A DAO, or a Decentralized Autonomous Organization A decentralized autonomous organization (DAO) is an organization represented by rules encoded as a computer program. A decentralized autonomous organization (DAO) is an open-source blockchain protocol that automatically performs certain actions without the intervention of intermediaries.Learn more, is a company set up to run by code on the blockchain A blockchain is a digital ledger of transactions that works from a decentralized network. A blockchain is a digital ledger of transactions that works from a decentralized network.Learn more. The people who own tokens associated with the DAO are responsible for voting on changes and proposing new ideas to keep the DAO up and running and improving.

Learn more about how DAOs work in crypto on our website:

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