DAO stands for decentralized autonomous organization. DAO (pronounced “dow”) is a new type of organization structure that uses blockchain technology. It is often referred to as a crypto co-op or a kind of financial flash mob. You could also refer to it as a “financial Flash Mob” or “group chat with a banking account.” DAOs can be …
Decentralized finance is also known as DeFi. It is the umbrella term that describes the crypto universe that aims to build a new internet-native financial system using blockchains to replace trust mechanisms. Okay, I’ll give this a shot. What does it mean to “use blockchains to replace trust mechanisms strong>”? Let’s move on a little. Intermediaries are needed …