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DAO
Definition
Decentralized autonomous organization: a group that uses blockchain-based rules or voting to coordinate decisions.
In Plain English
A DAO is like an online cooperative with token-based governance rules.
Real-World Example
A protocol may let token holders vote on treasury spending or product changes.
Why It Matters for Your Work
DAOs affect governance, accountability, legal structure, and decision speed.
Common Mistake
Assuming a DAO has no leaders or legal responsibilities.
Related Terms
View Smart Contract
Smart Contract
Code on a blockchain that automatically executes rules or transactions.
View Crypto Token
Crypto Token
A digital asset issued on a blockchain that can represent value, access, governance, or utility.
View Governance
Governance
The process for making decisions about changes, rules, funds, or direction.