DAOs, DACs, DAs and More: An Incomplete Terminology Guide | Ethereum Foundation Blog
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DAOs, DACs, DAs and More: An Incomplete Terminology Guide | Ethereum Foundation Blog
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... See more
gnosisguild.mirror.xyz • A Prehistory of DAOs
4. DAOs are trust-less organizations owned and governed by community members. DAOs have smart contracts for decentralization and humans on the periphery for governance.