Beginner
Blockchain & Web3
Q34 / 100
What is a "DAO" (Decentralized Autonomous Organization)?
Correct! Well done.
Incorrect.
The correct answer is A) An organization governed by rules encoded in smart contracts and member voting, typically without centralized management
A
Correct Answer
An organization governed by rules encoded in smart contracts and member voting, typically without centralized management
Explanation
DAOs use smart contracts to encode governance rules, allowing token holders to propose and vote on decisions, theoretically removing the need for centralized leadership.
Progress
34/100