A P2P (“peer to peer”) network is a form of communication between computers where there are no central servers. In these networks, the nodes behave as equals among them. Therefore, the connection is direct among the users, improving the efficiency and the velocity of the network.« Back to Glossary Index
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.
A blockchain is a technology based on a distributed ledger shared among the nodes of a computer network. It is designed as an immutable chain of blocks of transactions, which are traceable to the origin. Additionally, it guarantees the fidelity and security of all the transactions recorded and generates trust a trusted third party.