Bitcoin (BTC) $68,278.59 -4.05%
Ethereum (ETH) $1,980.47 -4.73%
Tether (USDT) $1.00 -0.01%
Solana (SOL) 84.686879 -4.88%
Dogecoin (DOGE) $0.09 -2.97%
Cardano (ADA) $0.26 -3.68%
Chainlink (LINK) $8.77 -4.81%
Litecoin (LTC) $53.99 -2.98%
Dash (DASH) $32.60 -5.41%
Polygon (MATIC) 0.25693 2.45%
Helium (HNT) 1.185576 -2.77%
X-Cash (XCASH) 1.0E-5 2.06%

Cryptocurrencies: 28575

Markets: 116788

Market Cap: $2,330,937,494,168

24h Vol: $97,915,944,620

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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