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
Leverage
It is an investment strategy to gain potential return of the investment by borrowing the money
Distributed Ledger Technology (DLT)
Describes the technology that enables distributed ledger.
Total Value Locked
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Zero Confirmation Transaction
Another name for "unconfirmed transaction"
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