- Fair voting (one person = one vote). It can be applied to digital democratic systems such as DAOs. Hollismo (https://holismo.org/roadmap/ ) uses Idena to establish a global digital democracy.
- Anti-sybil protection. Gitcoin passport (https://passport.gitcoin.co/) has integrated #Idena to its points system to prevent farmers from Sybil-attacking airdrop distributions.
- Quadratic rewards distribution. the Idena L1 (https://scan.idena.io/) uses this rewards distribution to guarantee the decentralization of the inflation rewards over time. The higher you stake the more your earn but the lower your stake, the higher your APY is so the stake share owned by whales decreases over time.
#ProofOfPersonhood #Crypto #Blockchain
LogicallyMinded
npub1s0f…rqf5
2024-06-09 17:57:09
in reply to nevent1q…0kkl
Author Public Key
npub1s0fs9dwztm2rukm42vh6df4a5gwykclf75tgyeuc75t0cs2eh8rsu2rqf5Published at
2024-06-09 17:57:09Event JSON
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"content": "- Fair voting (one person = one vote). It can be applied to digital democratic systems such as DAOs. Hollismo (https://holismo.org/roadmap/ ) uses Idena to establish a global digital democracy. \n- Anti-sybil protection. Gitcoin passport (https://passport.gitcoin.co/) has integrated #Idena to its points system to prevent farmers from Sybil-attacking airdrop distributions.\n- Quadratic rewards distribution. the Idena L1 (https://scan.idena.io/) uses this rewards distribution to guarantee the decentralization of the inflation rewards over time. The higher you stake the more your earn but the lower your stake, the higher your APY is so the stake share owned by whales decreases over time. \n\n#ProofOfPersonhood #Crypto #Blockchain",
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