Difference between revisions of "DAO"
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(Created page with "Decentralized Autonomous Organization, also sometimes referred to as a DAC") |
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+ | A decentralized autonomous organization (DAO) is a type of smart contract that acts like a business or organization. Token owners are like voting members. They can make proposals on what to do with funds, add/ remove members, propose new rules or change old ones and more. |
Latest revision as of 20:40, 2 January 2019
DAO
A decentralized autonomous organization (DAO) is a type of smart contract that acts like a business or organization. Token owners are like voting members. They can make proposals on what to do with funds, add/ remove members, propose new rules or change old ones and more.