The Economics of Blockchain Governance: Evaluate Liquid Democracy on the Internet Computer

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Tác giả: Yulin Liu, Luyao Zhang

Ngôn ngữ: eng

Ký hiệu phân loại: 330 Economics

Thông tin xuất bản: 2024

Mô tả vật lý:

Bộ sưu tập: Metadata

ID: 202398

Decentralized Autonomous Organizations (DAOs), utilizing blockchain technology to enable collective governance, are a promising innovation. This research addresses the ongoing query in blockchain governance: How can DAOs optimize human cooperation? Focusing on the Network Nervous System (NNS), a comprehensive on-chain governance framework underpinned by the Internet Computer Protocol (ICP) and liquid democracy principles, we employ theoretical abstraction and simulations to evaluate its potential impact on cooperation and economic growth within DAOs. Our findings emphasize the significance of the NNS's staking mechanism, particularly the reward multiplier, in aligning individual short-term interests with the DAO's long-term prosperity. This study contributes to the understanding and effective design of blockchain-based governance systems.
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