Decentralized Autonomous Organization

Phonetic: /ˌdiːsɛntrəlaɪzd ɔːˈtɒnəməs ˌɔrɡənaɪˈzeɪʃən/, /daʊ/

Part of Speech: noun

Category: To be determined

A Decentralized Autonomous Organization (DAO, pronounced like the Chinese concept) is a powerful and very flexible organizational structure built on a blockchain.

Definition source: Education DAO - mapachurro

Sample sentence

N/A

Additional definitions

Definition: A system of hard-coded rules that define which actions a decentralized organization will take.

Source

Extended definition

Alternatively, the first known example of a DAO is referred to as The DAO. The DAO served as a form of investor-directed venture capital fund, which sought to provide enterprises with new decentralized business models. Ethereum-based, The DAO’s code was open source. The organization set the record for the most crowdfunded project in 2016. Those funds were partially stolen by hackers. The hack caused an Ethereum hard-fork which lead to the creation of Ethereum Classic.

This word came from... the ether

Date first recorded: 2025-01-31

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