What Is DAO in Crypto? | Decentralized Autonomous Organization | DAO Explained in 7 min| Simplilearn

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The DAO is a significant deal in the crypto industry right now because it's most likely going to be the future of job contracts, housing leases, company deals, and maybe even your career. So, here is a video on What Is DAO to give you a better understanding of its origin and how it's definitely more than just an organization running on Blockchain Technology. This video will help you understand What DAO is and how its works with Smart Contracts and Dapps. Also, it gives you a glimpse of the history of the infamous DAO Attack. After watching this video, I can assure you all your concepts and queries related to What is DAO will be cleared out.

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The DAO was created to be a decentralized and automated organization. It functioned as a sort of open-source venture capital fund, with no normal management structure or board of directors. The DAO was unaffiliated with any nation-state in order to be totally decentralized, even though it used the Ethereum network.

the DAO's creators hoped they could remove human error or manipulation of investor funds, By putting decision-making power in the hands of an automated system and a crowdsourced process. The DAO, which runs on ether, was created to allow investors to pay money to each other anonymously from anywhere on the planet. The DAO would then issue tokens to those owners, allowing them to vote on future projects.

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