Principles of Web3 and the Role of DAOs BBLC Practice Questions (Page 2)

Questions 6–10

1. 6application · medium

   A gaming company wants to let players trade in-game items with each other without the company acting as an intermediary. They also want players to be able to verify the authenticity and ownership history of items. Which Web3 principle and supporting mechanism should they implement?

   • AStore item ownership in the company's central database and allow trades only through the company's marketplace.
   • BAllow players to trade items via email and manually update a shared spreadsheet.
   • CIssue items as non-fungible tokens (NFTs) on a public blockchain, enabling peer-to-peer trades and on-chain ownership history.
   • DUse a private permissioned ledger controlled by the company to record trades.
   Reveal Solution Discussion Select an answer first
2. 7application · medium

   A DeFi protocol wants to change its interest-rate model. The team believes the change should be decided by the community, but they are concerned about low voter turnout and the risk of a few large token holders dominating the vote. Which DAO governance design best addresses these concerns?

   • AAllow only the top 10 token holders to vote on all proposals.
   • BLet the founding team make the decision and then announce it to the community.
   • CImplement a delegated voting system where token holders can delegate their voting power to representatives, with a minimum quorum required for proposals to pass.
   • DRequire 100% of all token holders to vote for any proposal to pass.
   Reveal Solution Discussion Select an answer first
4. 8application · medium

   A DAO is considering a proposal to change its governance token's voting power calculation. The community is split between those who want voting power based on token holdings and those who want one-member-one-vote. What is the primary trade-off the DAO must consider?

   • AToken-weighted voting is more transparent, while one-member-one-vote is more private
   • BToken-weighted voting may concentrate power among large holders, while one-member-one-vote may not reflect economic stake
   • COne-member-one-vote is easier to implement on-chain, while token-weighted voting requires off-chain computation
   • DToken-weighted voting is more secure against Sybil attacks, while one-member-one-vote is less secure
   Reveal Solution Discussion Select an answer first
5. 9expert · hard

   A startup wants to build a Web3 identity system where users can prove they are over 18 without revealing their birthdate. Which approach best preserves user privacy while meeting the requirement?

   • AStore the birthdate on-chain and let anyone verify it
   • BUse a simple digital signature from a government authority
   • CUse a centralized KYC provider that shares the birthdate with the platform
   • DUse a zero-knowledge proof that verifies age without disclosing the birthdate
   Reveal Solution Discussion Select an answer first
6. 10foundation · easy

   Which statement best describes a core principle of Web3?

   • ATrust is established through legal contracts and regulatory oversight.
   • BUsers rely on centralized intermediaries to verify transactions and manage data.
   • CPlatforms control user data and monetize it without user consent.
   • DUsers own their data and digital assets, and interactions are verified through decentralized networks.
   Reveal Solution Discussion Select an answer first