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What Is a DAO and Why Is It Revolutionary?

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Mark Mason

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What Is a DAO and Why Is It Revolutionary?

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First popularized by the ill-fated Ethereum project which resulted in the split to Ethereum Classic, the DAO is a bit of a blockchain buzzword. This innovation extends far beyond simple hype, however, and could revolutionize the way we structure organizations. Here’s a breakdown of what makes a DAO, as well as an explanation of why we should care.

What is a DAO?
“DAO” is an acronym for “decentralized autonomous organization.” In order to qualify as a DAO, an entity must complete all three requirements: decentralization, autonomy, and organization.

Read more: https://www.dashforcenews.com/what-is-a-dao-and-why-is-it-revolutionary/

 
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