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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Decentralized Autonomous Organization, also sometimes referred to as a [[DAC]]
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=== DAO ===
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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.