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What's a DAO? Conceptual Foundations
-According to Spencer defining a DAO should be from the bottom and looking at the DAOs actions. A DAO is an organization where the decisions occur in a decentralized manner by many people in a collective.
Chase Chapman • Page not found
Based on Vitalik Buterin’s DAOs, DACs, DAs and More: An Incomplete Terminology Guide from 2014, a DAO could be described then as a capitalized organization in which a software protocol informs its operation, placing automation at its center and humans at its edges. For example, a software protocol could specify the conditions upon which an organiza... See more