Governance

Sybil attacks have been a significant issue with blockchains and cryptocurrencies. Sybil attacks are security threats in which an attacker tries to overtake the system by creating pseudonymous entities and voting to overwhelm the system.

To avoid any security issues and secure the platform, we use quadratic voting. This voting mechanism prevents the Dominance of Larger Token Holders.

With Quadratic voting, each vote is associated with a weightage designed in order to avoid a majority takeover by a single entity.

For example, if a member has more than a majority stake (51% and above), he might overwhelm all other members due to majority voting power. In quadratic voting, their voting power will be limited (say, to 41%) so that they are reduced to a minority, allowing the process to stay decentralized.