Mastering Blockchain - Second Edition

Decentralized Autonomous Corporations

Decentralized Autonomous Corporations (DACs) are similar to DAOs in concept, though considered to be a smaller subset of them. The definitions of DACs and DAOs may sometimes overlap, but the general distinction is that DAOs are usually considered to be nonprofit; whereas DACs can earn a profit via shares offered to the participants and to whom they can pay dividends. DACs can run a business automatically without human intervention based on the logic programmed into them.