Mark Mason
Well-known member
Dash Core Group Becomes First Legally DAO-Owned Entity
Dash Core is now legally owned by the Dash decentralized autonomous organization (DAO), a cryptocurrency first.
Unlike many other top cryptocurrency projects, Dash is a DAO, an organized and self-funding entity that nonetheless has no central authority and is open to participation from anyone. To solidify this theory in practice, Dash Core Group, the legal entity for Dash’s development team, set up a legal structure representing the network, which now owns Dash Core Group. According to Dash Core CEO Ryan Taylor, this is a first, and solves many issues involving trust of a centralized party:
