About our Decentralised Autonomous Organisations (DAOs) News
Latest news on DAOs (decentralized autonomous organisations). A DAO is an organisation that is constructed by rules encoded as a computer program, which makes it transparent, controlled by the organisation's members and not influenced by a central government. A DAO's financial transaction records and program rules are maintained on a blockchain. The DAO is a well-known example of this type of organisation. It was hacked and drained of $50 million in cryptocurrency, but the hack was reversed and the money was restored.