Decentralized Autonomous Organizations

  • A Decentralized Autonomous Organization is a mechanism that enables online communities to form and coordinate economically.
  • They let an online group pool capital and use smart contracts to automate parts of its voting, permissions, and treasury operations.
  • Smart contracts do not replace the whole organization. DAOs still depend on human governance and face low participation, concentrated token voting, difficult-to-repair code, and legal ambiguity.

Resources

Tools