Autonomous Organizations

Definition ∞ Autonomous organizations are entities that operate via self-executing code on a blockchain, minimizing human intervention. These organizations conduct operations and governance through smart contracts, ensuring transparency and immutability. They represent a novel coordination mechanism for digital asset ecosystems.
Context ∞ The evolution of autonomous organizations, commonly known as DAOs, remains a significant topic in crypto news, particularly concerning their legal standing and operational robustness. Debates often address effective governance models, the distribution of voting power, and methods for upgrading their underlying protocols securely. Their role in decentralized finance and Web3 development continues to expand.