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DAO Explained: Whats A DAO In Crypto? How Is It Created?
The DAO was a decentralized autonomous organization that exists as a set of contracts on the Ethereum blockchain, with no physical address or officials with. The DAO was a decentralized autonomous organization on the Ethereum blockchain that suffered a source code vulnerability now known as The DAO hack. bitcoinbricks.shop � Avast Academy � Security � Other Threats.

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Though the DAO failed at acquiring the asset, the DAO proved a collection of like-minded individuals could form and pursue such endeavors. The theory underlying the DAO was that keeping operational power directly in the hands of owners, not delegated to managers, would ensure that invested funds would be used in the owners' best interests, thus solving the principal�agent problem. Learn about altcoins and what makes them different. American Banker News.