The development of many cryptocurrencies now relies heavily on sponsorship, organisational donations and funds, such as bitcoin. A major drawback of this economic model is that it does not guarantee sustainable funding of the blockchain system. The lack of stable funding is a huge hidden danger that hinders the sustainable development of blockchain projects.
To address the sustainability of long-term cryptocurrency development and maintenance, a research team led by Dr. Bingsheng Zhang of #IOHK has developed a Treasury System that provides long-term sustainability of funding for #Cardano.
A fair collaboration mechanism is an essential guarantee for a treasury system to be smoothly implemented on a decentralised #blockchain. Designing fair voting systems has been a challenging issue that many decentralised blockchain projects struggle to resolve. The Treasury System solves this #governance problem by developing a “community-inclusive” distributed collective decision-making mechanism, providing a better collaborative model as a provably secure system that supports #LiquidDemocracy/delegated voting. It allows voters to vote directly or delegate votes to experts.
See more Cardano and IOHK development in China at http://weibo.com/iohkcardano
Related Post:
- URGENTE: Quem Mandou Matar Bolsonaro? + Receba Cardanos (ADA) de Graça #bitcoin #investimentos
- Proof Erik Zhang Works For Binance! Neo Left Behind! Exclusive Blocknet Leak!!
- NEO Jedi Erik Zhang Speaks | Lighting Network Exchanges? | McAfee and Bitfi=Hacked | $NEO $ICX $WTC
- KKBOX排行榜計算說明：李荣浩Li Ronghao, 莊心妍Ada Zhang, 李玉刚, 白小白 – 華語新歌日榜 – KKBOX 風雲榜 – 匯集最完整的音樂排行榜、音樂趨勢、獨家影音與速
- Cardano news : Charles Hoskinson CEO of IOHK Talks About Cardano Project From New York
- Canon EOS R System: Intro to the EOS R System
- Canon EOS R System: At the Heart of the EOS R System – Optics
- Ripple XRP Global Payment System standard like ISO 20022. implemented TCH’s RTP system in the U.S
- Ripple Talks To UK Regulators, NASA To Use Ethereum And An Investment Bank Talks Crypto Trading
- US TREASURY Reveals CRUSHING Bitcoin & Crypto Wallet Regulation. Why It's BAD for Exchanges.
