CryptoURANUS Economics: Decentralized Autonomous Organization [DAO]: Defined in CryptoCurrency

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Sunday, August 5, 2018

Decentralized Autonomous Organization [DAO]: Defined in CryptoCurrency

Decentralized Autonomous Organization [DAO]: Defined in CryptoCurrency

 

Decentralized Autonomous Organizations also DAO describe leaderless organization supported by a network of computers. 


To be decentralized, it must have no central location because it is running on a network of computers. And because there is no single leader and has its own rules to follow, it is autonomous, or self-governing.

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