DAO

Decentralized Autonomous Organization

       DAO is the acronym for Decentralized Autonomous Organization. 

      A Decentralized Autonomous Organization is the distributed digital counterpart to traditional organization. DAO’s are operated by groups of entities that can only exert their authority online. DAO’s, just like traditional organization, can be created for almost any purpose; however, within the context of cryptocurrency & digital assets, DAO’s are typically established for the governance of networks or applications. Due to their decentralized digital natures, DAO’s escape many regulatory confines and operate based on a combination of mathematical and social logical.

     Some of the most popular DAOs:
        – MakerDAO
        – Aragon

      Related Terms:

      Resources

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