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Category: Web3

What is DAO?

Summary Definition: Decentralized Autonomous Organization: an entity governed by smart contract code and member voting.

Detailed Technical Explanation

A DAO is an organization represented by rules encoded as transparent computer programs on a blockchain. Decisions are voted upon directly by token-holding members rather than executive directors.

Educational Notice: Technical definitions on CoinAd.in are maintained to help developers, students, and engineers understand decentralized computing concepts accurately.

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