Fee-less voting refers to a governance mechanism where participants can cast their votes in a decentralized system without incurring any transaction costs. This approach removes financial barriers, potentially increasing participation and making governance more accessible. It contrasts with systems where every on-chain action, including voting, requires payment of network fees. The absence of fees aims to promote broader engagement in decision-making processes.
Context
The concept of fee-less voting is a significant topic in blockchain governance, particularly for networks striving for greater decentralization and inclusivity. News often covers protocols experimenting with various methods, such as off-chain voting or specialized layer-2 solutions, to achieve this goal. Reducing transaction costs for governance activities can alter participation rates and influence the legitimacy of protocol changes.
This research maps DLT governance vulnerabilities, revealing how design flaws enable centralization and exploitation, crucial for building truly secure decentralized systems.
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