What is a dao crypto

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Explained: What Is A DAO? - Crypto 101
Key Takeaways. A DAO is an entity designed to be fully autonomous and operable without a central point of control. A decentralized autonomous organization (DAO), sometimes called a decentralized autonomous corporation (DAC), is an organization managed in whole or in part. Decentralized autonomous organizations (DAOs) are kind of like clubs for crypto enthusiasts, only they typically operate under a shared goal.

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calendar_month 29.06.2021

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calendar_month 06.07.2021

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Later, in June , hackers attacked the DAO based on these vulnerabilities. The stakeholders of the DAO decide the rules, and these rules and transaction records are stored on a blockchain with complete transparency. You can learn more about the standards we follow in producing accurate, unbiased content in our editorial policy.