Qtum & Oath Protocol combine to boost blockchain governance
Oath Protocol will soon get integrated on the Qtum blockchain platform to push up transparency, integrity, governance and resolve disputes. Announced on Tuesday, these decentralised attributes are the vital necessities for the public blockchains and dApps which are persistently spiralling up. The Qtum-Oath Protocol incorporation will favour community-based decision making along with the new user security.
An enhanced user security and safer ecosystem will attract increasing number of users, in turn, fostering blockchain adoption. This will help to retain user engagement through their participation in the process of solving disputes and governance. In this new venture, Oath Protocol is involved in developing layer 2 infrastructural framework that is extensible and has an impressive standard. This will pave the way for the participation of the community members in governance or resolving disputes on blockchain based platforms.
Currently, the complex smart contract based platform has validating nodes exceeding 5000 and the blockchain is equally involved in enterprise use case applications. It is recognised as the first open-source blockchain to tie-up with Amazon Web Services (AWS) and it sets itself apart as one of the finest public chain infrastructural projects. The latest association emphasises on the usability of smart contract and safety in blockchain environment.
Statement from Oath
”Our jury system provides easy access for regular community members to participate in fair and efficient dispute resolutions, while also actively contributing to blockchain security from a governance perspective.’‘
Following the release of public beta version, the blockchain users will be free to join the juror community of Oath Protocol and be eligible for rewards on deciding the cases on its platform. The blockchain cooperation will enable the juror community to get exposed to a number of diversifying cases and provide chances to accelerate reputation scores. This will also help to fetch increased traffic and participation of the user, once Qtum gains visibility to the Oath Protocol juror community.
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