What Is a DAO
On-chain governance.
What Is a DAO?
A Decentralized Autonomous Organization (DAO) is a group coordinated by rules encoded in smart contracts rather than by a central management hierarchy.
Members make decisions collectively, on-chain, through transparent voting.
From Companies to DAOs
Traditional organizations rely on executives, boards, and legal contracts. A DAO replaces much of that with code.
- Company: hierarchy, private decisions
- DAO: token holders, public on-chain votes