Vote-based blockchains are distributed ledger systems where consensus on transaction validity and network state is achieved through a voting mechanism among participants. This often involves token holders or designated representatives casting votes to approve or reject proposed changes or blocks. Such systems aim to align network direction with stakeholder consensus.
Context
Discussions of vote-based blockchains frequently appear when analyzing governance models for decentralized autonomous organizations (DAOs) or proof-of-stake networks with on-chain voting. News reports may cover specific voting proposals, the influence of large token holders, or the effectiveness of these mechanisms in guiding protocol development. Understanding vote-based systems is key to grasping decentralized decision-making processes in the crypto space.
This research introduces a validated strong Byzantine Fault Tolerant consensus model, enabling efficient leader-based coordination in asynchronous networks.
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