Difference between revisions of "Decentralized Autonomous Organization (DAO)"
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Some DAOs have already been launched on the Ethereum platform. In particular, “The DAO” is the name of a DAO launched by the team behind Slock.it startup and failed due to a smart contract attack. | Some DAOs have already been launched on the Ethereum platform. In particular, “The DAO” is the name of a DAO launched by the team behind Slock.it startup and failed due to a smart contract attack. | ||
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| + | [[Dan Larimer]] is attributed with inventing a similar concept of [[decentralized autonomous corporation (DAC)]]. | ||
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| + | == See Also == | ||
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| + | [[Decentralized autonomous corporation (DAC)]] | ||
== Links == | == Links == | ||
Revision as of 07:54, 29 November 2017
A decentralized autonomous organization (DAO) is an organization that is governed by rules encoded as computer programs called smart contracts maintained on a blockchain. It eliminates the need for documents and people in governing.
Some DAOs have already been launched on the Ethereum platform. In particular, “The DAO” is the name of a DAO launched by the team behind Slock.it startup and failed due to a smart contract attack.
Dan Larimer is attributed with inventing a similar concept of decentralized autonomous corporation (DAC).
See Also
Decentralized autonomous corporation (DAC)
