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  • Ethereum-Based DAOs Can Now Leverage A16z’ Cicada Voting System

Ethereum

Ethereum-Based DAOs Can Now Leverage A16z’ Cicada Voting System

05/28/2023
Bitcoin Ethereum News

Ethereum-Based DAOs Can Now Leverage A16z’ Cicada Voting System

  • 1
    Leading VC firm, A16z, looks toward resolving one of the pain points within the decentralized ecosystem.
  • 2
    Ethereum blockchain-based DAOs are positioned to benefit most from Cicada. 
  • 3
    ETH’s price is trading at 1,832 USD after rising 1.3% in a day.

Venture capital firm Andreessen Horowitz recently released a new voting system. An Ethereum-based Solidity library dubbed Cicada will not let the voting choice or related information be revealed.

In a blog post on May 24, A16z engineer Michale Zhu explained the working of Cicada, focusing on “private on-chain voting using time-lock puzzles.” The post suggests the library uses …

Source: https://www.thecoinrepublic.com/2023/05/28/ethereum-based-daos-can-now-leverage-a16z-cicada-voting-system/

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