The DAO

The DAO, short for Decentralized Autonomous Organization, is a groundbreaking concept in the world of blockchain. It was introduced by developers in April 2016 as the first of its kind. DAOs operate independently and are run by smart contracts, allowing for a system free of central authority. They facilitate transparent, secure, and direct peer-to-peer interactions.

Definition / explanation

Dec 07, 2023, 20:23pm

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