What type of organization can be thought of as a corporation run without any human involvement under the control of an incorruptible set of business rules?
Options:
A.
Limited Liability Corporation
B.
Decentralized Autonomous Organization (DAO)
C.
Corporation
D.
Trust
Answer:
B
Explanation:
Explanation:
Decentralized Autonomous Organization (DAO) can be thought of as a corporation run without any human involvement under the control of an incorruptible set of business rules. A DAO can also be seen as the most complex form of a smart contract, where the bylaws of the decentralized organization are embedded into the code of the smart contract, using complex token governance rules.
Question 29
Blockchain services consists of three major components.
What are they? (Select three.)
Options:
A.
Consensus Manager
B.
Distributed Ledger
C.
Peer to Peer Protocol
D.
Reputation Manager
E.
Membership Services
Answer:
A, B, C
Explanation:
Explanation:
1. P2P Protocol is implemented over HTTP/2 standards and uses Google RPC.. P2P components defines messages used by peer nodes, from point to point to multicast. 2. Distributed Ledger manages the world state and the transaction log in the blockchain. 3. Consensus Manager defines the interface between the consensus algorithm and the other Hyperledger components.