Andreessen Horowitz (a16z) introduced a brand new personal on-chain voting device for Ethereum builders known as “Cicada”.
In a weblog publish, a16z developer Michael Zhu acknowledged present on-chain voting options, however famous that many of those programs are completely public and clear.
Confidentiality of working depend
By providing personal voting, Cicada solves the issues encountered in public voting, equivalent to vote manipulation and inappropriate voter inducement.
Cicada particularly permits to handle the confidentiality of the depend, which implies that it conceals the variety of votes for every choice till the top of the vote. This method depends on time-locked puzzles, which conceal particular person votes for a set period of time, and homomorphic time-locked puzzles, which mix the opposite puzzles and conceal the general depend.
Zhu stated Cicada may be used for voter anonymity and vote privateness with the addition of unknowing group membership proof.
Cicada is a Solidity library, which implies it’s suitable with the programming language utilized in Ethereum sensible contracts. Zhu stated the library is environment friendly sufficient for use on the Ethereum mainnet (versus Layer 2 networks).
Actual-world use not advisable
Zhu acknowledged on Twitter that on-chain voting is “not but prepared for real-world, high-stakes use circumstances,” however expressed hope for future progress.
In the meantime, many blockchain initiatives have governance programs that depend on on-chain voting. For instance, Uniswap and different DeFi platforms use on-chain governance to decide on which blockchains to deploy on, whereas the stablecoin Maker undertaking makes use of on-chain voting to find out the composition of its reserves and different selections.
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