Decentralized Autonomous Organizations (DAOs) are a new form of collective governance in which communities can organize themselves by relying on decentralized applications in the blockchain. Typically, DAOs provide governance mechanisms for democratic decision-making in communities, typically voting on proposals made by DAO members. Holographic Consensus is one of those mechanisms used by the DAOs of the DAOstack platform. As a DAO grows the number of proposals DAO members have to vote on typically increases and Holographic Consensus is designed to help communities to focus their attention, that is their voting capacity, on the proposals that are relevant to them.
The study A Scalable Voting System: Validation of Holographic Consensus in DAOstack conducted by Youssef Faqir-Rhazoui, Javier Arroyo, and Samer Hassan looked at the activities of 22 DAO communities accounting for 6,000 members, in order to determine whether Holographic Consensus effectively facilitates scalable decision-making.
[…] in which the user with more shares has more voting power. Other models use prediction markets (like Holographic Consensus), or one-person-one-vote, or conviction voting, or allow users to delegate their voting power, or […]
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