How does a DAO work?

Decentralised autonomous organisations (DAOs) are like traditional organisations, except they run autonomously, or almost. Much like traditional companies, DAOs have stakeholders that vote on changes. So while they run autonomously, so-called stakeholders can vote to influence decisions and direction.

DAOs, just like pretty much everything else connected to #cryptocurrencies, are an extremely new and, to some extent, revolutionary technology. In this episode of Ask Luno, we go in-depth on how they work.

Can you picture companies that could one day run without human intervention? Let us know your thoughts in the comments below.

⏰ TIMESTAMPS⏰
0:00 How does a DAO work?
0:31 What is a DAO? DAO definition
1:02 DAO business model (ethereum)
1:33 Is a DAO a smart contract?
2:17 DAO explained
2:50 DAO token stakeholders
3:27 DAO crypto technology the future

In the Ask Luno series, we answer all your crypto questions. If you want your own question answered, don’t forget to tweet us @lunomoney 📲

► Buy #bitcoin, #xrp, #eth and more #crypto with Luno: https://www.luno.com/?utm_source=Youtube&utm_medium=Channel&utm_campaign=Hero

Hit the like button and subscribe to our channel so you never miss out! #ToTheMoon

👌👌 Subscribe to #LunoTV– https://www.youtube.com/channel/UCdKv3ViymZkRiBPh2ogSnKA

📺 Watch These Videos Again 📺
How to trade on a crypto exchange 📊 (1/5)
https://www.youtube.com/watch?v=jcI9rGiNXeI

5 thoughts on “How does a DAO work?”

Comments are closed.