Cryptoasset Anti-Financial Crime Specialist (CCAS) Certification Practice Test

What do decentralized applications (dApps) and decentralized autonomous organizations (DAOs) have in common?

1. Designed to run autonomously

2. Exclusive to the Ethereum network

3. Fully anonymous

4. Built-in treasury

The correct answer is: Designed to run autonomously

Decentralized applications (dApps) and decentralized autonomous organizations (DAOs) share a fundamental characteristic in that they are both designed to run autonomously. This autonomy stems from their underlying technology—blockchain—which allows them to operate without the need for central authority or manual intervention. In the case of dApps, they function based on smart contracts that execute transactions and handle logic according to predefined rules, facilitating operations that can continue uninterrupted by human oversight. Similarly, DAOs utilize smart contracts to establish organizational governance and decision-making processes, enabling them to execute decisions based on community consensus without direct management by individuals. This characteristic of autonomy is crucial because it emphasizes the core principle of decentralization that distinguishes them from traditional applications and organizations, both of which typically rely on centralized control. The other options—exclusive to the Ethereum network, fully anonymous, and built-in treasury—do not accurately represent the commonalities between dApps and DAOs. While many dApps and DAOs are indeed built on Ethereum, they are not exclusive to this network. Furthermore, while some dApps and DAOs may offer an element of privacy, they are not necessarily fully anonymous. Lastly, the concept of a built-in treasury specifically pertains to certain DAOs,