Decentralized autonomous organizations

Just like DOs, a Decentralized autonomous organization (DAO) is also a computer program than runs on top of a blockchain and embedded within it are governance and business logic rules. DAO and DO are basically the same thing, but the main difference is that DAOs are autonomous, which means that they are fully automated and contain artificially intelligent logic, whereas DOs lack this feature and rely on human input in order to execute business logic.

Ethereum blockchain led the way with the introduction of DAOs for the first time. In DAO, the code is considered the governing entity rather than humans or paper contracts. A Curator, however, is a human entity that participates as someone who maintains this code and acts as a proposal evaluator for the community. DAOs are capable of hiring external Contractors if enough input is received from the token holders (participants). The most famous DAO project is The DAO (https://daohub.org) as it raised 168 million...