« Back to Glossary Index

A Decentralized Autonomous Organization (DAO) has been founded upon as well as governed by a set of computer defined instructions and the blockchain based smart contracts. The primary idea behind DAOs is to offer a large community of contributors the ability to participate in its governance and the future development. The DAOs operate using the smart contracts that permits the participants to take an equal part in the decision-making procedures inside the organization.

Read More.

« Back to Glossary Index

Check Also


Filecoin (FIL) Gain Slows During The Crypto Crash Session Today

« Back to Glossary IndexThe crypto market has again started the week in the red. …