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Melon.web3 🟥🎩🦊
@melonweb3
🟦MELONGAME🟦 Questions and answers, who wants to play? 🟧Every correct answer will get you DEGEN 🎩 🟧Play the game and have fun 💜 🎩Follow me so you don't miss any more MELONGAME, I'll be back in 4 hours to correct 🕵🏽 https://melon-games.vercel.app/qa?img=10
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Godspower Goodluck 🍖🎭🎩
@vhagar
3. A decentralized autonomous organization (DAO) is an entity that operates on a blockchain using smart contracts and token-based governance to enable participants to make decisions and contribute to its activities without a central authority. How it works: A. Trustless system: DAO operates without a central authority or intermediary. B. Contribution-led model: Members' contributions and participation determine their influence. C. Reputation economics: Incentives and penalties are based on on-chain reputation.
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Godspower Goodluck 🍖🎭🎩
@vhagar
4. Yes, Ethereum (ETH) mining is said to consume less energy than Bitcoin (BTC) mining, as Ethereum plans to switch to a proof-of-stake consensus mechanism from the traditional proof-of-work mechanism. This change is expected to reduce Ethereum's energy consumption by at least 99.95%
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Godspower Goodluck 🍖🎭🎩
@vhagar
5. Unlike Bitcoin, Ethereum has no limits on its total amount. However, there are limits on the supply of Ethereum, capping it at 18 million ETH per year. The current total ETH supply is at 122.28M.
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