Decentralized Autonomous Organization (DAO)
By CoinGecko | Updated on Mar 03, 2020
Open source and decentralized systems that do not require centralized operators or controllers. A decentralized autonomous organization can vote on various aspects of a system without the need of central controller. Members of a decentralized autonomous organization are typically made up of token holders whose voting strength are proportional to their holdings relative to the whole ecosystem.
Related Terms
Bitcoin Evangelist
Individuals who are passionate about Bitcoin, and are dedicated in spreading knowlege about Bitcoin
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Applications that run on decentralized peer-to-peer networks such as Ethereum.
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The state of locking-in significant amount of token to participate as a validator of a Proof-of-Stake network.
When Lambo
An expression used by investors to ask when the value of their investment could buy them a Lamborghini
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