Decentralized Autonomous Organization (DAO)
Definition of what Decentralized Autonomous Organization (DAO) stands for (in finance):
An organization governed by smart contracts on a blockchain, allowing automated decision-making without centralized control.
More Term Definitions
- Bank Identification Number (BIN) Definition
- Banking Platform Definition
- European Banking Authority (EBA) Definition
- Domain-Specific Language (DSL) Definition
- Remote Procedure Call (RPC) Definition
