What is a DAO in cryptocurrencies?
A DAO is a decentralized autonomous organization governed by rules written into smart contracts and by collective decisions of its participants, rather than by the usual board of directors and management.
What is a decentralized application (DApp)?
A DApp is an application whose backend logic runs on a blockchain through smart contracts, without a single central server or controlling owner. The code is open and operates according to predefined rules.









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