Decentralized Autonomous Organization [DAO]: Defined in CryptoCurrency

Decentralized Autonomous Organization [DAO]: Defined in CryptoCurrency

 

Decentralized Autonomous Organizations also DAO describe leaderless organization supported by a network of computers. 

To be decentralized, it must have no central location because it is running on a network of computers. And because there is no single leader and has its own rules to follow, it is autonomous, or self-governing.