Researchers in Singapore design new ‘more efficient’ DAO scheme
Scientists at Singapore University of Social Sciences created a novel DAO voting/governance scheme after reviewing current methods. A team of researchers at the Singapore University of Social Sciences recently conducted an appraisal of existing decentralized autonomous organization (DAO) voting scheme s to determine which was most efficient . The researchers ultimately concluded that existing popular voting schemes each had their drawbacks and advantages and that a new paradigm combining what they considered to be the best features of each would be “more efficient” than the status quo. Dubbed “Voting Schemes in DAO Governance,” the team’s paper analyzes eight current techniques for DAO governance and assesses their perceived strengths and weaknesses. The techniques reviewed include: token-based quorum voting, quadratic voting, weighted and reputation-based voting, knowledge-extractable voting, multisig voting, holographic consensus, conviction voting, and rage quitting voting. Relat...