Bitcoin (BTC) $80,466.08 5.34%
Ethereum (ETH) $2,422.11 7.83%
Tether (USDT) $1.00 -0.01%
Solana (SOL) 96.326362 6.01%
Chainlink (LINK) $11.56 7.60%
Cardano (ADA) $0.20 7.17%
Litecoin (LTC) $56.17 6.23%
Dash (DASH) $49.43 10.74%
Polygon (MATIC) 0.25693 2.45%
Helium (HNT) 0.34212 4.75%
X-Cash (XCASH) 3.0E-6 0.00%
Dogecoin (DOGE) $0.00 6.63%

Cryptocurrencies: 30358

Markets: 109486

Market Cap: $2,690,561,703,467

24h Vol: $90,429,152,435

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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