Kleros (PNK) is a decentralized dispute resolution project launched in July 2018. It is an open source dispute resolution protocol that uses blockchain and community sourcing to arbitrate disputes. equally.
Kleros provides an intermediary service for decentralized applications (DApps) and their users. If there is no dispute, Kleros acts as a third-party service for payments.
However, when a dispute arises, each party can apply for arbitration through judges that Kleros chooses from the PNK holders.
At this point, the judge can make a decision to hear a certain issue. Judge fees are distributed to all judges in ETH.
Kleros is like an upgraded version of “supreme court” in the decentralized ecosystem and smart contracts will appoint Kleros as arbitrator (judge) to resolve contract disputes.
Kleros creates many courts with many topics such as insurance, software development, ... to resolve individual disputes according to each type.
Jurors are randomly selected to resolve disputes. To become a juror, users need to stake Kleros tokens on the platform, the more stakes, the higher the chance of being chosen as a juror. The process of selecting jurors (judges) helps limit the manipulation of the attacker.
By nature Kleros is not an Oracle but an application within Oracle when a dispute occurs.
In oracle, if there is the same answer, it will be sent back to the requesting party via oracle, if there are multiple answers, the dispute process will happen.
Kleros plays the role of dispute judge when there is wrong information or too much unauthenticated information at the same time, after solving it will send it back to Oracle to help ensure the real value of the output.
In addition, Kleros is a multi-purpose system that can be used in escrow, micro tasksing, insurance or social networks.
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We found 11 people related to pnk-kleros, include Co-founder, CEO Federico Ast
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