A decentralized autonomous organization (DAO), sometimes called a decentralized autonomous corporation (DAC),[a] is an organization represented by rules encoded as a computer program that is transparent, controlled by the organization members and not influenced by a central government.[1][2][3] A DAO's financial transaction record and program rules are maintained on a blockchain.[4][5][6] The precise legal status of this type of business organization is unclear.[7] A well-known example, intend... {open}

 

Decentralized exchanges (DEX) are a type of cryptocurrency exchange which allows for direct peer-to-peer cryptocurrency transactions to take place online securely and without the need for an intermediary. In transactions made through decentralized exchanges, the typical third party entities which would normally oversee the security and transfer of assets (e.g. banks, stockbrokers, online pa... [enter]
https://en.wikipedia.org/wiki/Decentralized_exchange