Web 3 in 10 Seconds: DAC and DAO
DAC (Decentralized Autonomous Corporation) is a new type of corporate structure that utilizes blockchain technology to manage and operate the company. Unlike traditional companies, a DAC does not have a centralized management layer; instead, it automatically executes the company’s rules and decisions through smart contracts written on the blockchain. Features: 1. Decentralization: The control of … Read more