What is Decentralization Autonomous Organization (DAO)
What is Decentralization Autonomous Organization (aka DAO)
In this post, I will introduce what is DAO, and I will introduce how to start a DAO in next post. So here is a definition from Aragon -
- Member-owned communities without centralized leadership.
- A safe way to collaborate with internet strangers.
- A safe place to commit funds to a specific cause.
DAO definition on Ethereum.org
So let’s go into details about DAO from 3 perspectives: