Cryptocurrencies: 27557
Markets: 112310
Market Cap: $4,261,453,651,268     
24h Vol: $171,152,683,213
CoinGape 2022-11-14 10:41:40

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 .
esptco-banner img

Videos
  • What are NFTs? How will it change the way we use things? Simply Explained!

  • Ripple XRP: What is Ripple XRP? EXPLAINED!

  • Digibyte: What is DGB? EXPLAINED!

  • What is an ICO, IEO, STO, IDO? Which one is the Best?

Our Partners