Tag: autonomous

What Is A Smart Contract?

With all of the focus on smart contract technology in recent times, a lot of people are left wondering what this technological innovation truly means. Are these autonomous contracts as smart as people claim, or are we still in the early stages of smart contract development? The concept holds a lot of potential for the future; that much is certain. Also read: Should I Use eBay To Buy and Sell …
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What is a DAO?

When used in the context of cryptocurrency and blockchain technology a DAO is a Decentralized Autonomous Organization.  It is a self governing organization whose rules are embedded into the blockchain via smart contracts. There is no centralized server or entity overwatching the organization’s operations, a group of shareholders have a say in the direction which the organization will take.  Make no mistake that DAOs do have a central manager who has a …
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