In these two videos, Complexity Labs explains the idea of a Decentralized Autonomous Organization (DAO). Another term you may have heard before is the Decentralized Autonomous Corporation (DAC), which is very similar although refers to for-profit organizations. The videos are for people new to the concept and presented at an introductory level, they discuss the current context surrounding the term DAO.

A decentralized autonomous organization is an organization that is run by rules that are created by their members through a consensus process and then written into a set of contracts that are run via computer code, thus enabling the automated management of a distributed organization.

Disclaimer: Cryptocurrencies & digital assets are highly volatile so one should only invest what they can afford to loose. Dapp.Tech does not offer financial, investment or trading advice. Always do your own independent research and seek the counsel of a qualified financial advisor before investing yours or anyone else's money.

Follow along with the course eBook: or take the full course:

Produced by: Complexity Labs 





Load More Related Articles
Load More In Blockchain

Check Also

Creating a Crypto – Loki Network Panel

LOKI LAUNCH PARTY PANEL : Creating A Crypto Simon Harman – Project Lead Kee Jefferys…