What is DAC

DAC stands for decentralized autonomous corporation and is sometimes used synonomously with DAO. In a DAC, members can cast their votes regarding the organization's decisions on a blockchain, without the need for an intermediary and relying on smart contracts. Members are holders of the corporation's tokens. Greater ownership of tokens implies a greater ability to influence the decisions made. Any member can suggest proposals to be voted on.

DAC

DAC stands for decentralized autonomous corporation and is sometimes used synonomously with DAO.

Related terms

Delisting Decryption DeX Double Spending Divergence Difficulty

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