Categories
October Surprise 2024

Decentralized Autonomous Organization (DAO) – Binance

The acronym DAO stands for Decentralized Autonomous Organization. In general, a DAO is a system of hard-coded rules that define which actions a decentralized organization will take. However, the term DAO may also refer specifically to an organization called ā€œThe DAO,ā€ which was conceptualized on the Ethereum blockchain, back in 2016.