Bitcoin (BTC) $108,790.76 -0.34%
Ethereum (ETH) $2,550.19 -1.42%
Tether (USDT) $1.00 -0.01%
Solana (SOL) 150.457672 -1.62%
Cardano (ADA) $0.58 -2.80%
Chainlink (LINK) $13.34 -3.39%
Litecoin (LTC) $88.12 -3.10%
Polygon (MATIC) 0.25693 2.45%
Helium (HNT) 2.219591 -6.81%
Dash (DASH) $20.20 -1.56%
X-CASH (XCASH) 3.0E-6 18.34%
Dogecoin (DOGE) $0.00 -11.59%

Cryptocurrencies: 26578

Markets: 104292

Market Cap: $3,350,064,380,754

24h Vol: $100,236,031,102

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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