DAO are the initials from Decentralized Autonomous Organizations. The DAO, who lack any hierarchical structure, are based in blockchain technology. The smart contracts contain all the applicable rules so the DAO works autonomously. Therefore, these organizations bring a new way to deal with the process of taking decisions.« Back to Glossary Index
The meaning is “Initial Coin Offering”. The ICO is basically a funds raising process. In this process, the issuer sells a new token in exchange for a cryptocurrency. The process runs under the network of an existing cryptocurrency. This cryptocurrency will be the one used to get the money.
The traceability is the set of procedures to track the path of any object. In the cryptocurrencies environment, the traceability allows to track any transaction through its blockchain to its origin. This is a very important property because it gives coherence to the network. If a exchange would not have traceability, it would be impossible […]