DeutschThe starting point for the emergence of Decentralized Autonomous Organizations (DAOs) was Ethereum’s “The DAO” in 2016. “Decentralized Autonomous Organizations” are companies in the digital world that are not managed by a single manager.
The basis is an immutable set of rules, the framework of which is in turn defined by a code. Organization stakeholders decide on corporate developments via various voting procedures. DAOs are therefore regarded as grassroots democratic. DAOs have now become the standard in the cryptocurrency industry.
