The Snapshot voting platform has launched a protection mechanism that enables DAO organizations to encrypt consumer votes.
During the voting phase, if the last end result has not been established, the percentage of votes cast at that time will be hidden. After finalizing the final results, the percentage of votes will be announced, along with the excess weight calculation for each and every portfolio deal with.
Snapshot is 1 of the most preferred voting equipment in the recent cryptocurrency local community. This off-chain voting platform is employed by hundreds of DAO organizations. Through the snapshot, these organizations can gather votes to apply approaching roadmaps or fund allocation ideas for the DAO.
Before that, any one could keep track of the distribution of votes across portfolios. While this strategy aids with transparency, this info relatively influences the selections of the following voting portfolios.
A Snapshot representative stated that in some circumstances, votes can also be bought or coordinated to ideal advantage a unique personal or group. Therefore, the protection of this info aids to restrict several of the over hazards.
To apply this protection function, Snapshot has partnered with Shutter Network, which will encrypt info on voting final results.
On the admin side, they can allow this function from their interactive interface. The protection function is at present in Closed Beta testing and is anticipated to be readily available to consumers following week.
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