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
Token
Blockchain based unit of value issued by an organization, which grants token holders a right to participate in a network.
cc0 NFT
A cc0 NFT is a piece of digital content where the IP rights have been relinquished.
Sharding
A form of database partitioning which breaks up data into smaller segments.
Difficulty
A relative measure on how difficult it is to correctly guess a new block
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