What is DAO?
A beginner’s guide
DAOs are preferred to be the
organisational primitive for Web3
in the same way that the LLC was for the artificial revolution.
DAOs are organized by tokens with rules recorded in
smart contracts
,To understand DAO better, let’s break the terms individually:
Decentralized
The technology on which these DAO’s are constructed are decentralized and is defined as Ethereum smart contracts.
Autonomous
It refers to the ability to continue without outside help.
Organization
This component is well-known, and is referred to as a group of humans and, if desired, other organizations.
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