Kleros

Understand crypto terminology related to Know Your Customer (KYC) processes, which ensure user identification and compliance in digital finance.

Kleros is a decentralized protocol that provides a platform for dispute resolution using blockchain technology. It aims to offer a fair and efficient way to resolve conflicts without relying on traditional legal systems.At its core, Kleros uses jurors to review cases and make decisions. Users submit their disputes to the Kleros platform, where jurors—who are incentivized by tokens—cast votes based on the evidence presented. This system encourages fairness and transparency, as decisions are made by a group of jurors rather than a single authority.Kleros also incorporates game theory to prevent collusion and ensure that the most accurate decisions are made. By design, the system incentivizes jurors to act in the best interest of justice.In summary, Kleros offers a novel approach to dispute resolution through decentralization, allowing for an unbiased and efficient process that can be applied to various domains, such as e-commerce and freelance work.

Latest Resources and Blogs