DAC

A decentralized autonomous company (DAC) is an organization run through rules encoded as computer programs called smart contracts rather than by a central authority. This allows for decentralized decision-making and autonomous operation. The rules and operation of a DAC are determined by its stakeholders, who typically hold and manage the organization's digital assets using blockchain technology. Transactions within the organization are recorded on a public ledger, providing transparency and immutability. In addition, the decentralized nature of a DAC allows for…