Bitcoin (BTC) $108,095.36 0.38%
Ethereum (ETH) $2,507.68 0.21%
Tether (USDT) $1.00 -0.01%
Solana (SOL) 147.195664 0.31%
Cardano (ADA) $0.58 0.62%
Chainlink (LINK) $13.13 0.32%
Litecoin (LTC) $86.47 -0.19%
Polygon (MATIC) 0.25693 2.45%
Helium (HNT) 2.200167 -0.39%
Dash (DASH) $19.79 -0.70%
X-CASH (XCASH) 3.0E-6 1.41%
Dogecoin (DOGE) $0.00 6.66%

Cryptocurrencies: 26584

Markets: 104343

Market Cap: $3,324,006,446,679

24h Vol: $76,400,625,496

CoinGape

2022-11-14 10:41:40

What is a Decentralized Autonomous Organization?

What is a Decentralized Autonomous Organization?

Definition A Decentralized Autonomous Organization (DAO) is a legal structure that has no central governing body and whose members share a common goal of acting in the best interest of the entity; and is in the emerging phase. Popularized by cryptocurrency enthusiasts and blockchain technology, DAOs are used to make decisions in a bottom-up approach. The post What is a Decentralized Autonomous Organization? appeared first on CoinGape .

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