What is a DAO and How Do Decentralized Organizations Actually Work

Описание: DAO stands for Decentralized Autonomous Organization. It's a group that makes decisions through member voting instead of having a CEO or board of directors.

Members hold tokens that give them voting power. More tokens usually means more votes. All votes are recorded on blockchain publicly where anyone can see them.

When a vote passes, smart contracts automatically execute the decision. No single person can override what the community decided.

DAOs manage everything from investment funds to protocol development to community projects. Some control millions of dollars through collective voting systems.