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What is the purpose of a “DAO” (Decentralized Autonomous Organization) in the context of blockchain?

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Marina Protocol is a global Web 3.0 tutorial platform with learning materials.

It provides beginners with easy-to-use content and advanced interfaces for activities.

Users can take part in Web 3.0 projects and get rewarded for their experiences.

You can download the app from the Google Play Store and create a new account.

To begin a quiz, open the Marina Protocol app, tap on “Learn & Earn”, and choose the correct answer.

In this guide, you’ll learn the answer to “What is the purpose of a “DAO” (Decentralized Autonomous Organization) in the context of blockchain?” in Marina Protocol.

What is the purpose of a “DAO” (Decentralized Autonomous Organization) in the context of blockchain?

Question: What is the purpose of a “DAO” (Decentralized Autonomous Organization) in the context of blockchain?

Answer: To enable decentralized governance and decision-making.

Further reading

Which blockchain platform uses the term “sharding” to refer to the process of partitioning the network to improve scalability?

What is the term for a situation where a cryptocurrency undergoes a significant and often sudden decrease in value?

Which blockchain platform is designed for the creation of decentralized applications (DApps) with a focus on scalability and low transaction fees?

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