Vote-based describes a system or mechanism where decisions are made through a process of voting by a group of participants. In blockchain governance, this refers to protocols where token holders or delegates cast votes on proposed changes or actions. Vote-based systems aim to achieve decentralized decision-making and collective agreement. The outcome of a vote directly determines the future direction or parameters of a protocol.
Context
Vote-based governance is a fundamental aspect of many decentralized autonomous organizations (DAOs) and proof-of-stake blockchain networks. News reports often cover significant governance proposals and the results of community votes. Debates frequently concern voter participation rates, the influence of large token holders, and the design of effective voting mechanisms. The evolution of vote-based systems is critical for the long-term decentralization and adaptability of digital asset protocols.
A novel validated strong BFT model enables leader-based asynchronous consensus, reducing message complexity and achieving linear view changes for scalable blockchains.
We use cookies to personalize content and marketing, and to analyze our traffic. This helps us maintain the quality of our free resources. manage your preferences below.
Detailed Cookie Preferences
This helps support our free resources through personalized marketing efforts and promotions.
Analytics cookies help us understand how visitors interact with our website, improving user experience and website performance.
Personalization cookies enable us to customize the content and features of our site based on your interactions, offering a more tailored experience.
