Voting consensus refers to a decision-making mechanism within decentralized systems where participants cast votes to agree upon the validity of transactions or protocol upgrades. This method ensures collective agreement among network participants, often utilizing tokens to represent voting power. It underpins governance in many blockchain networks and decentralized autonomous organizations.
Context
Voting consensus is a critical aspect of decentralized governance, frequently discussed in news concerning blockchain protocol changes and DAO operations. Debates often focus on voter participation rates, potential for influence by large token holders, and the effectiveness of various voting models in achieving genuine decentralization and network security. Improving voter engagement is a constant objective.
This paper introduces an efficient voting-based consensus for consortium blockchains, boosting performance and expanding decentralized application utility.
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