Andreessen Horowitz (a16z) has introduced a brand new personal on-chain voting instrument for Ethereum builders known as “Cicada”.
In a weblog submit, a16z developer Michael Zhu acknowledged current on-chain voting options, however famous that many of those programs are utterly public and clear.
Computing privateness
By providing personal voting, Cicada solves issues that come up in public voting, reminiscent of vote manipulation and inappropriate voter incentivization.
Cicada particularly permits counting privateness, which implies it hides the variety of votes for every choice till the voting ends. This method depends on time-locked puzzles, which cover particular person votes for a sure period of time, and homomorphic time-locked puzzles, which mix different puzzles and conceal the overall rating.
Zhu mentioned Cicada can be used for voter anonymity and voting privateness by including proof of unknowing group membership.
Cicada is a Solidity library, which implies it’s suitable with the programming language utilized in Ethereum good contracts. Zhu mentioned the library is environment friendly sufficient for use on Ethereum’s primary community (versus layer 2 networks).
Not really helpful for actual world use
Zhu he admitted on Twitter that on-chain voting isn’t “but prepared for high-stakes real-world use circumstances,” however expressed hope for future progress.
In the meantime, numerous blockchain tasks have governance programs that depend on on-chain voting. For instance, Uniswap and different DeFi platforms use on-chain governance to decide on which blockchains to implement, whereas the Maker stablecoin venture makes use of on-chain voting to find out the composition of its reserves and different selections.
The submit Ethereum Will get Non-public On-Chain Voting Device By way of a16z’s ‘Cicada’ appeared first on CryptoSlate.
