Ethereum

Promise

Vision

<ul>
 <li>Vitalik Buterin highlights the threat of bribery in Dark DAOs and proposes cryptographic solutions.</li>
 <li>The integration of voting pools and zero-knowledge proofs in DAO could mitigate the risks of corruption.</li>
</ul>
The concept of Decentralised Autonomous Organizations (DAOs) has revolutionised how communities and projects govern themselves. However, as the landscape of decentralised governance evolves, new challenges emerge. Particularly the threat of bribery within “Dark DAOs.”&nbsp;
<a href="https://thenewscrypto.com/will-ethereum-eth-drop-further-amid-the-bearish-trend/" target="_blank" rel="noopener noreferrer nofollow">Ethereum</a> co-founder <a href="https://thenewscrypto.com/vitalik-buterin-unveils-circle-starks-to-enhance-blockchain-efficiency/" target="_blank" rel="noopener noreferrer nofollow">Vitalik Buterin</a> has recently raised concerns about these threats. Emphasising the need for robust mechanisms to prevent bribery in decentralised environments. A team of researchers from <a href="https://www.cs.cornell.edu/~babel/papers/dao-vbe-dd.pdf" target="_blank" rel="noopener noreferrer nofollow">Cornell University</a> formed by Vitalik Buterin is exploring potential threats that could lead to “dark” voting systems within decentralised autonomous organisations.
A Cornell Research paper stated:
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
 “They propose a new metric called Voting-Bloc Entropy that formalises a broad notion of decentralisation in voting on DAO proposals. We use VBE to prove several results about the decentralising effects of vote delegation, proposal bundling, bribery, and quadratic voting.”
</blockquote>
Ensuring “proof of complete knowledge” is emerging as a critical approach to tackling these issues. By requiring participants to demonstrate comprehensive understanding and engagement before casting votes, this method aims to reduce the risk of bribery and manipulation. The approach helps create a more transparent and secure decision-making process within DAOs. Strengthening the integrity of the system and fostering trust among stakeholders in decentralised governance models.
<h3 id="h-the-vision-and-challenges-according-to-vitalik-buterin" class="wp-block-heading">The Vision and Challenges According to Vitalik Buterin</h3>
In a detailed <a href="https://vitalik.eth.limo/general/2024/01/30/cryptoai.html" target="_blank" rel="noopener noreferrer nofollow">blog post</a> titled “The Promise and Challenges of Crypto + AI Applications,” Vitalik Buterin outlined various approaches to combat this issue, focusing on transparency and the integration of cryptographic tools to enhance accountability.
One of Vitalik Buterin’s key proposals is the implementation of cryptographic commitments and zero-knowledge proofs within DAO structures. These technologies could minimise the risk of bribery. Additionally, Buterin suggests the creation of “voting pools” where individuals can delegate their votes to trusted parties, reducing the influence of bribers.
Highlighted Crypto News Today: <a href="https://thenewscrypto.com/franklin-templeton-files-for-crypto-index-etf-with-the-u-s-sec/" target="_blank" rel="noopener noreferrer nofollow">Franklin Templeton Files for Crypto Index ETF with the U.S SEC</a>
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Vitalik Buterin Addresses Emerging Threat of Bribery in DAOs

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