Question: What is the role of a decentralized autonomous organization (DAO) in blockchain governance?
Answer:
Decentralized Autonomous Organizations (DAOs) in blockchain governance allow decentralized decision-making and voting by token holders, promoting community involvement.
MCQ: What is the role of a decentralized autonomous organization (DAO) in blockchain governance?
Explanation:
Decentralized Autonomous Organizations (DAOs) in blockchain governance allow decentralized decision-making and voting by token holders, promoting community involvement.
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Related Questions
- 1. How does blockchain contribute to the reduction of fraud in digital identity systems?
- 2. What is the purpose of a consensus algorithm in the context of blockchain sustainability?
- 3. How does blockchain technology contribute to the concept of verifiable credentials in identity systems?
- 4. What is the role of a hash pointer in linking blocks in a blockchain?
- 5. How does blockchain technology contribute to the concept of decentralized storage systems?
- 6. What is the purpose of a fork in the context of blockchain software development?
- 7. How does blockchain contribute to the concept of digital voting systems?
- 8. How does a distributed ledger in a blockchain contribute to data redundancy and fault tolerance?
- 9. What role does a private blockchain play in the context of enterprise applications?
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