CBSA Blockchain Governance & Economics

Question 1

In on-chain governance, what is a 'quorum requirement'?

Accepted Answer

The minimum percentage of voting tokens that must participate for a vote to be valid

Answer

The minimum number of validator nodes needed for block finality

Answer

The maximum number of proposals that can be active simultaneously

Answer

The time delay between proposal submission and voting start

Question 2

What is the primary risk of plutocratic governance in a token-weighted voting system?

Accepted Answer

Large token holders can dominate decisions, potentially acting against smaller stakeholders' interests

Answer

Proposals take too long to pass due to high quorum requirements

Answer

Smart contract bugs can corrupt vote tallies

Answer

Token holders cannot delegate votes to representatives

Question 3

What is 'vote delegation' in a DAO governance model?

Accepted Answer

Allowing token holders to assign their voting power to a trusted representative without transferring tokens

Answer

Transferring token ownership to a governance committee permanently

Answer

Splitting a proposal vote into multiple sub-votes

Answer

Automating votes based on predetermined rules

Question 4

In a blockchain protocol upgrade scenario, what is a 'hard fork' governance event?

Accepted Answer

A backward-incompatible protocol change that splits the network if not all nodes upgrade

Answer

A scheduled software patch applied to all nodes simultaneously

Answer

A temporary pause of the blockchain for maintenance

Answer

A governance vote conducted entirely off-chain

Question 5

What governance mechanism does Ethereum's EIP (Ethereum Improvement Proposal) process represent?

Accepted Answer

An off-chain, rough-consensus process where developers, miners, and stakeholders debate and accept protocol changes

Answer

On-chain token voting for protocol changes

Answer

A DAO smart contract that automatically implements approved upgrades

Answer

A centralized committee that approves or rejects protocol changes

Question 6

What is the purpose of a 'timelock' in a DAO smart contract governance system?

Accepted Answer

To enforce a mandatory delay between a proposal passing and its on-chain execution, allowing users to exit

Answer

To freeze token transfers during a governance vote

Answer

To limit the number of proposals submitted per week

Answer

To automatically expire proposals that do not reach quorum