What is dao?-Definition of all finance terms

Definition of DAO

DAO is an abbreviation of Decentralized autonomous organization is one of an enterprise in a digitized world that consist of smart contracts (means different encoded or smart cards), with the help of these contacts and protocols, this digitized organization have been run.

Brief Explanation of DAO

Digitalization aims to create a single decentralized platform for the execution of both nonprofits and profit organizations.

It flopped once while launching, but after that downfall, there has been a remarkable recovery. Now, in the current era, it is one of the most usable innovative products in financing business sectors.

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