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The advantage of off-chain governance over on-chain governance is Off chain governance requires large corporations and auditors to monitor the governance process. Off chain governance
The advantage of off-chain governance over on-chain governance is Off chain governance requires large corporations and auditors to monitor the governance process. Off chain governance creates a permanent record of the governance process where on-chain governance does not. Off chain governance cannot be highjacked by a small group of people with a vested interest, but on-chain governance can. Off chain governance is significantly more flexible allowing you to solve unforeseen problems. QUESTION 8 The DAO had a problem in its code that allowed a hacker to steal Ether. The taken funds were returned to investors by By suing the hackers and forcing them to pay damages. A hard fork of the Ethereum blockchain. By asking the hackers to return the funds, which they were willing to do. Getting the government to prosecute the hackers for The DAO hack and getting the funds returned. QUESTION 9 The DAO failed because of A mistake in the coding of The DAO's protocol. An oracle that produced incorrect prices. A weakness in the Ethereum blockchain that allowed The DAO to be compromised. A bridge that could be exploited in the protocol
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