Published on July 20th, 2018 | by bitcoin0
‘Dark DAO’ Threat: Voting Impact Crypto can relax elections
Others seek to overcome the governance hurdles faced by major blockchains by allowing stakeholders to vote on technical changes – or what Tezos calls a “self-amending crypto ledger.”
“The whole decentralization enterprise is founded on democratic ideals, so voting seems a natural governance mechanism,” Juels told CoinDesk.
“Unfortunately, it’s hard to get right and until a catastrophe occurs, people tend to assume that theoretical problems won’t materialize.”
For instance, the researchers also detail a bribery attack that could be committed against ethereum’s signaling tool, called Carbon Vote.
Daian said, “I would strongly caution against direct reliance on any voting scheme vulnerable to vote buying or coercion in decision making.”