What are DAOs (Decentralized Autonomous Organizations)? And Why You Should Care.
Small Business Labs
NOVEMBER 30, 2021
The simplest way to describe DAOs - distributed autonomous organizations - is they're online communities owned and controlled by their members. The basics are a group of people with a common goal get together online, pool their resources and collectively attempt to accomplish the goal. Think of them as online co-ops. But unlike traditional co-ops, DAOs are governed by smart contracts ((collections of computer code) that define the DAO's operating rules. These&
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