Bitcoin (BTC) $64,131.39 0.00%
Ethereum (ETH) $1,809.38 0.72%
Tether (USDT) $1.00 -0.01%
Solana (SOL) 76.95511 -1.08%
Cardano (ADA) $0.17 -0.11%
Chainlink (LINK) $8.03 0.44%
Litecoin (LTC) $44.75 0.09%
Dash (DASH) $34.54 -1.13%
Polygon (MATIC) 0.25693 2.45%
Helium (HNT) 0.221056 -0.81%
X-Cash (XCASH) 2.0E-6 2.68%
Dogecoin (DOGE) $0.00 0.00%

Cryptocurrencies: 29429

Markets: 111487

Market Cap: $2,198,228,914,510

24h Vol: $47,543,122,091

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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