A DAO is a decentralized autonomous organization. It is an organization that is run by code, not by people.
A DAO runs on Ethereum, a decentralized platform that runs smart contracts.
DAOs are transparent and fair. They are open to anyone who wants to participate.
The code that runs a DAO is available for anyone to see. And, because DAOs are decentralized, they are not subject to the whims of any one person or group of people.
DAOs are accountable. Because they are transparent and open, DAOs are accountable to their members.
Members can see how the DAO is run and can hold the DAO accountable for its actions.
DAOs are resilient. Because they are decentralized, DAOs can withstand attacks and challenges that would topple a centralized organization.
DAOs are borderless. Because they run on the Ethereum blockchain, DAOs can exist anywhere in the world.
They are not subject to the lAWS and regulations of any one country.
What Is DAO Ethereum?
A DAO is a decentralized autonomous organization that runs on Ethereum, a decentralized platform that runs smart contracts. DAOs are transparent and fair, accountable, resilient, and borderless.