DAOs, DACs, DAs and More: An Incomplete Terminology Guide

One of the most popular topics in the digital consensus space (a new term for cryptocurrency 2.0 that I’m beta-testing) is the concept of decentralized autonomous entities. There are now a number of groups rapidly getting involved in the space, including Bitshares (also known as Invictus Innovations) developing “decentralized autonomous companies”, BitAngels’ David Johnston with decentralized applications, our own concept of decentralized autonomous corporations which has since transformed into the much more general and not necessarily financial “decentralized autonomous organizations” (DAOs); all in all, it is safe to say that “DAOism” is well on its way to becoming a quasi-cyber-religion.