A beginner’s guide to DAOs
A decentralized autonomous organization (DAO) is a group organized around a mission that coordinates through a shared set of rules enforced on a blockchain.
What are DAOs? A decentralized autonomous organization (DAO) is a group organized around a mission that coordinates through a shared set of rules enforced on a blockchain. One of the main benefits of a DAO is that they are more transparent than traditional companies since all actions and funding in the DAO are viewable by anyone. This significantly reduces the risk of corruption and censorship. Publicly traded companies must provide independently audited financial statements, but shareholders only get to see the financial health of the organization at a snapshot in time. Since a DAO's balance
related reading
- What is a DAO? | Decentralized Autonomous Organization | ethereum.orgethereum.org
- DAOs, A Canonfuture.a16z.com
- OdysseyDAO - What is a DAO?odysseydao.com
- Exploring DAOs: Uncovering Web3 Ownership Realitiesblog.chainalysis.com
- Transformative Autonomous Organizations | Black Sky Nexusnexus.blacksky.network
- DAOs, DACs, DAs and More: An Incomplete Terminology Guide | Ethereum Foundation Blogblog.ethereum.org
- Gaming DAOs: A New Way of Coordinating Gaming Communitiesnaavik.co
- OdysseyDAO - How to find a DAO to join?odysseydao.com
- Exploring DAOs as a New Kind of Institutionmedium.com
- The Dao of DAOsnotboring.co
- The Meaning of Decentralizationmedium.com
- What Is a Dapp? Decentralized Apps Explainedcoindesk.com