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Reading guide: DeFi: Decentralized Finance DOA: decentralized autonomous organization; an organization represented by rules encoded as a computer program that
by Manfred 5y ago
Reading guide:
DeFi: Decentralized Finance
DOA: decentralized autonomous organization; an organization represented by rules encoded as a computer program that is transparent
- astrange 5y agoOf course, it may be decentralized but many projects advertise it as "distributed computing" which it isn't. Since every node has to do the same calculations, it's only as fast as a single computer. It's great at instantly losing all your money to a teenage hacker though.
- yawnxyz 5y agoDAO* not "DOA"
- Yizahi 5y agoActually DOA is more fitting :)
- Ensorceled 5y agoYeah, quite the Freudian slip ...
- rvz 5y ago> DOA: decentralized autonomous organization; DAOs are actually DOAs 'Dead on Arrivals' due to fundamental trust issues.