Bitcoin (BTC) $80,488.12 -0.64%
Ethereum (ETH) $2,578.03 -1.91%
Tether (USDT) $1.00 -0.01%
Solana (SOL) 108.713983 -3.24%
Chainlink (LINK) $12.00 -2.92%
Cardano (ADA) $0.22 -1.71%
Litecoin (LTC) $57.22 -0.63%
Dash (DASH) $57.31 -5.33%
Polygon (MATIC) 0.25693 2.45%
Helium (HNT) 0.461062 -1.31%
X-Cash (XCASH) 3.0E-6 0.00%
Dogecoin (DOGE) $0.00 0.00%

Cryptocurrencies: 30065

Markets: 114608

Market Cap: $2,746,039,134,940

24h Vol: $73,732,126,232

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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