Test Your Knowledge
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1. What is a key characteristic of Decentralized Applications (DApps)?
A) DApps are controlled by a single authority.
B) DApps are operated on blockchain networks, making them decentralized.
C) DApps rely on traditional centralized servers.
D) DApps can only be used for cryptocurrency transactions.
2. In a Decentralized Autonomous Organization (DAO), who typically makes decisions about the protocol?
A) A single central authority or manager.
B) Token holders who propose and vote on initiatives.
C) The creator of the DAO alone.
D) External stakeholders and investors.
3. How do DApps and DAOs work together?
A) DAOs control DApps only in terms of their backend infrastructure.
B) DApps are built on DAOs, which make all decisions about user interface design.
C) DApps can be governed by DAOs, where decisions about upgrades and changes are made through community voting.
D) DApps and DAOs operate independently without any interaction.